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If a lender could make a non-covered bridge loan to keep a consumer in debt and reset a consumer's loan sequence after 30 days, it could make a lengthy series of $500 covered short-term loans under proposed § 1041.
Alternatively, you could borrow from a specialist company who lend to those with bad credit.
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The Consumer Financial Protection Bureau is a 21st century agency that helps consumer finance markets work by making rules more effective, by consistently and fairly enforcing those rules, and by empowering consumers to take more control over their economic lives.
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titleDebt Consolidation Considerations
"Yet many experts believe that debt forgiveness for some desperate high-profile borrowers now is a certainty.