Lenders are willing to restructure a customer's loan to help the customer resolve present financial difficulties and stay in business and also because lenders often receive more through restructuring than they would get from foreclosure.

Question

Quizplus · Accepted Answer

Lenders often prefer to restructure a loan rather than foreclose because it allows them to receive more money in the long run and helps the borrower stay in business.

Lenders Are Willing to Restructure a Customer's Loan to Help