- 1). Use the Internet and the phone book to find a bankruptcy attorney. Filing Chapter 13 will allow you to keep your property and reduce your monthly payment toward debt.
- 2). Contact your lender to discuss modifying your loan terms. Some lenders will allow you to adjust your terms to reduce your monthly payments if you have evidence of a hardship.
- 3). Refinance your property. If you have equity in the property, you can refinance under extended terms. Receiving new terms can give you lower monthly payments.
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