What Debts Are Not Eligible for Debt Negotiation?
As a general rule, anything that is secured, or has some type of real asset underlying the loan cannot be negotiated. Mortgages and Auto loans are the most common secured debts. A negotiation in these instances is is impossible, because the lender can seize the property backing the loan if you choose not to make your payments. In some instances, a lender might agree to modify the terms of the financial agreement, but it must make sense financially in order for them to do so.
