What is Debt Forgiveness?
Debt forgiveness is a policy that some financial institutions use as a method of promoting on time payments. If a debtor has paid their loan back on time, they may be excused from the last part of their debt. One of the most common types of debt to be forgiven is student loan debt. Schools and other organizations also use this type of forgiveness to ensure timely payments and honor the responsibility of their debtors.
If you have questions regarding your debts, loans, debt forgiveness, or bankruptcy, Cincinnati bankruptcy lawyer Ryan J. Ruehle, Attorney at Law, LLC, may be able to help. Contact our offices today at 513-777-0880 for more information.