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What is reaffirming?

reaffirming
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What is reaffirming?

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Reaffirming is the process by which you voluntarily agree to repay, to become personally liable for, some or all of a debt. A typical example is a car. You wish to keep the car you are currently driving, and the creditor wants you to continue paying, so you sign a new contract, or reaffirm, the vehicle (debt).

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