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Late Payers- Mortgages are consumers who have self reported they are late on mortgage payments. Whether they have applied for pay day loans, a secured credit card, on gone through debt consolidation, these consumers have reported missing mortgage payments and being late on their mortgages.
The volatile job market, along with the uncertain economic climate have caused hundreds of thousands of consumers to seek economic help through debt consolidation, pay day loans, and advances, pre-paid services, and secured credit.
The foreclosure rate is increasing, and the tendancy to evict is lower, allowing Late Payers - Mortgage consumers the opportunity to re-write their debt, and try to right the course they are on.
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