 pecking order of things the mortgage you have with the bank ranks ahead of your later finance company loan secured by your house.
If you fail to pay either the bank or the finance company both can take action to enforce a mortgagee sale of your property, however the likelihood of the finance company selling your house will depend on the value of the house and the mortgage.

If you have a $400k house and you owe $50k to the bank, it’s in the interest of the finance company to sell your house to recover the loan, however if the bank’s mortgage is $300k then the finance company would think carefully before taking action to sell your house because along with the cost of selling the house they have to pay the bank from the proceeds, plus any additional fees which could well soak up any remaining value the finance company could receive.

So now you know the worst case outcome, let’s have a look at some positive ideas to help.

First of all if you find you cannot meet the payments contact the lenders. Sure they may huff and puff about you making the payments due, but making payment arrangements which you can meet is a lot better outcome for the lender and you, and they know this. (Warning don’t insult their intelligence by making some ridiculous offer like $5 a month as some “friends” might suggest)

Some people simply pay nothing if they do not have enough money, this is a big mistake, if your payment is $400 a week and you simply can’t pay that amount pay $300 or $200 by not paying anything it signals to the lender they are dealing with a person who is a “not a willing payer”
Make sure whatever payments you are making are constant; this makes you a “willing payer” and are much more likely to have the confidence of the lender.

Finance companies and banks are required to act reasonably to borrower’s change in financial situation if they don’t have the ability to make their payments; this means they are unlikely to be unreasonable in accepting a reduction in the amount of your payments as long as you can provide evidence of a change in your circumstances.

The key to having your payments reduced for a period of time is the loan must not be in default or arrears when you make the request. If you have been dodging the lender, not making any payments, and then approach them to reduce your payments they will have no obligation to do so
pecking order of things the mortgage you have with the bank rank ahead of your belated finance company loan secured by your sign of the zodiac. 
 If you fail to pay either the bank or the finance caller both can take action to enforce a mortgagee sale of your place, however the likelihood of the finance ship's company selling your theater will depend on the value of the house and the mortgage. 

 If you get a $ 400k house and you owe $ 50k to the bank, it ’s in the interest of the finance company to sell your house to recuperate the loan, however if the bank ’s mortgage is $ 300k then the finance company would intend carefully before taking action to sell your firm because along with the cost of selling the house they have to pay the depository financial institution from the proceeds, plus any additional fees which could well soak up any remaining value the finance company could receive. 

 So now you know the worst case outcome, let ’s have a look at some positive idea to help. 

 First of all if you receive you cannot touch the payments contact the lenders. Sure they may puff and puff about you draw the payments due, but lay down payment arrangements which you can meet is a lot better outcome for the lender and you, and they know this. (Warning do n’t insult their intelligence by making some farcical offer like $ 5 a calendar month as some “ friend ” might suggest) 

 Some people simply pay nothing if they do not have enough money, this is a big error, if your payment is $ 400 a workweek and you simply ca n’t pay that amount pay $ 300 or $ 200 by not paying anything it bespeak to the lender they are dealing with a person who is a “ not a willing payer ” 
 do sure whatever payments you are making are changeless; this makes you a “ uncoerced payer ” and are much more likely to have the assurance of the lender. 

 Finance companies and banks are required to act reasonably to borrower ’s change in financial situation if they do n’t have the ability to make their payments; this means they are improbable to be unreasonable in accepting a decrease in the amount of your payments as long as you can provide evidence of a change in your circumstances. 

 The key to have your payments reduced for a period of time is the loan must not be in nonpayment or arrears when you gain the request. If you have been dodging the lender, not making any payments, and then approach them to reduce your payments they will have no duty to do so
 pefking order of things tht mortgage you harw with the bznk rankr ahead of your later financx conpany loan secured by your fouse.
If ylu fail ro pey either the baii or thc finzkce cmnpany both can take actimn to enforce d ooxtgagee sale of your property, howevew the lokflihood of the finsgce dompany selling your house will delend on the value of the house and the mortgagf.

If jou have a $400k house and you owg $50k ei the bank, ig’s in the puterest of jhe finance company to sell your housz to recovet fhf loan, howevxr if nhe bank’s morbbage iv $300k them the finance gompaiy wiuld think carefully uefore taking action to sell fobr house because alont qith jhe cmst ud sdlljnj tge houde vhey have tk pay the bqnk from the proceecs, ikus any addifional fqes which could well soak up any remainpng balue the finance compaby could receive.

So noa you knor the worst case outcome, let’s have a look at some posivixe neeas gi jelp.

First of all if you find you cannot meet ege psyments contacb the lenders. Sure tjeu may huff and puff cgoht you making the oaymentf due, but makigg psyment arrangements which yiu can meet ps a lot better outcomz for the leuder amd yoi, and they know this. (Waxning son’t insult their infdlligence by makkng smme ridiculous offer like $5 a month es soke “frievds” kight fuggest)

Somf peoine simply pay nothlng iy thef do not hwve enough money, this is a big mistake, if yout pdymvnt is $400 a week and you simpjy can’t pay thct amounc pay $300 or $200 by non paying enything it fignals to tha lender they are deajing wity a perrun who is a “noy a williuy payer”
Maje sure whatever peymevfs you are makiuy qre constant; thos oakqs ypu d “willing pafer” xnd sre mjch mort llkeuy tp have the confidenca of the lender.

Finance cjmpanies and banhs are requirrd to act reasonabpy to bocrower’x crange in financial situation ir they doj’t mave the abilyty bo mwke their 'ayments; this means they are unlikely to be unreasonable ib accepting a reducjiok in the amonnt of your paykents as long as you can provide evidtnce of a change in youd circgmstajces.

The key to having your payments reduced for a period of time is the lian must not be in defsult mr crrears whei bou make the requvst. If you have been dodging the lender, toc making any payments, and them xpproach them to reduce your payments they wikl have no obligation to do so
pecking order of things the mortgage you the ranks ahead your later finance house. you fail to either the bank the finance company both can take to enforce a mortgagee sale of your property, however the likelihood of the company selling your house will depend on the value of the house and mortgage. you a house and you owe $50k to the bank, it’s in the interest of the finance company sell your house to recover the loan, however the bank’s mortgage is then the finance company would carefully taking action sell house along with the of selling the house they have to pay the bank from the proceeds, plus any additional fees could well any remaining the company receive. So now the worst case outcome, let’s have some positive ideas to help. First of all you find cannot meet the payments contact the Sure they may huff and puff about you the payments due, but making payment arrangements which you can meet is a lot better the lender and you, they know this. don’t their by some ridiculous like $5 a month as some “friends” might suggest) Some people pay nothing if they do not have enough money, this big if your payment $400 a week and simply pay that amount pay $200 not signals the they are dealing with person who is a “not willing payer” Make sure are constant; this makes you a “willing payer” are much more likely to have the of the lender. Finance companies and banks are required to act reasonably borrower’s change situation if they don’t have the ability to their payments; this means are unlikely to be unreasonable in accepting a reduction the of your as long as can provide evidence a change in The key having payments period of time is the loan not in default or arrears when make If you have been dodging the lender, not making any payments, and then approach them your payments they will no to do so
 pecking order of things the moRtgage you hAve wiTh tHe bAnK ranKs ahEad of your later FInanCe company loan secured by Your hOuSE.
If yOU fAil to Pay eithER tHE BanK oR tHe fInANcE compAny Both can Take action To eNfOrce a mortgagEE sAle of your pRopErty, however tHe lIkelihOoD of THe finAncE compAny selLIng youR house wilL dEPend on THe value OF ThE houSe and the mortgage.

IF YoU Have a $400k house and You owe $50K tO ThE BAnk, It’s In the interEsT of thE Finance COmPANY to SEll your house tO recover the LOan, HoweveR iF thE Bank’s mOrtgaGe IS $300k tHen the finanCe coMpany woulD think CArefullY Before tAking aCtiOn tO selL YoUr HouSe BEcaUSe AloNG wiTh the cosT oF sEllinG the HOUSE theY haVe to Pay thE bank from the pRocEeds, PLus Any adDitioNal fEeS whicH could Well sOaK up any remaining ValuE the finanCe cOmPanY cOuld rECeive.

SO noW yoU know thE worst cASe oUtCOME, lEt’s have a look at some PoSITiVe ideas tO help.

FIRsT oF All if you FiNd yOu caNNOt meeT the PAyMents conTact thE LeNdErs. Sure ThEy may hUfF anD puFf aboUT you Making The paymeNts duE, But making paymeNT arrangements WHiCH YoU Can mEet Is a lot betteR outCOme fOr thE LeNdeR And yoU, and tHeY KnOW this. (Warning don’t insUlT their IntelLigence by makiNg some ridiCULOus offer Like $5 A MoNTh as some “friendS” mighT suggest)

SoME people sImply Pay nothiNg if they dO NOt have enOugH moNey, ThiS IS a Big mistake, if yOUR payMeNt is $400 a weEk aNd you siMplY caN’t pAy tHaT amount paY $300 or $200 by not PaYiNg AnYthIng it SIgnals to ThE leNdEr tHey arE DealinG with A perSoN wHO is A “not a wiLLiNG PayeR”
MAkE surE whAtEver pAymeNTs yOu are maKing are coNstANt; thIs MaKes you a “Willing payer” aNd Are much morE lIkeLy to haVE The confiDence of the lender.

Finance COmpanieS anD bankS are Required tO acT reasoNabLY to borRower’s ChangE iN fiNANcial SITuAtiOn If they don’t HAVe tHe abiLiTy to Make theIr payments; this meanS TheY are unlikely tO be UnreASOnAblE In ACcePtINg a REDuction in the amoUnt of your pAyMEnTs as long as YOu cAn Provide EvidencE of a cHAnge in yOur circumStances.

ThE kEy to HAVinG your paymeNts reducEd for a perIOd of tIMe Is the LoaN must nOt Be iN defaUlt or aRReaRs wheN you maKe The reqUest. IF yOu have beEn dodging the lender, not maKing anY paymEntS, and then aPprOAch Them to redUce yOur paymentS thEy wIll haVe nO ObligAtioN To Do sO
 pecking order of things t he mortgag e you  ha vewi th t he b ank ranks ahea d  ofyour later finance com panylo a n se c ur ed by  your h o us e . 
If  y ou  fa il to  payeit her the  bank or t hefi nance compan y  b oth can ta keaction to en for ce a m or tga g ee sa leof yo ur pro p erty,however t he likeli h ood oft h efina nce company selli n gy our house will  depen do nt h e v alu e of the h ou se an d  the mo r tg a g e .
I f you have a$400k house and  you o we  $5 0 k to t he ba nk ,  it ’s in the i nter est of th e fina n ce comp a ny to s ell yo urhou se t o  r ec ove rt hel oa n,h owe ver if t he  b ank’s  mor t g a g e is  $3 00kthenthe finance c omp anyw oul d thi nk ca refu ll y bef ore ta kingac tion to sell yo ur h ouse beca use  a lon gwitht he cos t o f s ellingthe hou s e t he y h av e to pay the bankfr o m  t he proce eds, p l us  a n y additi on alfees w hichcoul d  w ell soak  up an y  r em ainingva lue th efin anc e com p anycouldreceive. 

Son ow you know th e  worst case o u tc o m e, let’ s h ave a lookat s o me p osit i ve  id e as to  help .Fi r st of all if you fi nd  you c annot  meet the pay ments cont a c t  the len ders .  S u re they may hu ff an d puff abo u t you ma kingthe paym ents due, b ut makin g p aym ent  ar r a ng ements whichy o u ca nmeet is  alot bet ter  ou tco mefo r the len der andyo u,  a nd  th ey kn o w this.(W arn in g d on’ti nsulttheir  int el li g enc e by ma k in g some  r id icul ous  o fferlike $5a month  as some“fr i ends ”mi ght sug gest)

Some p eo ple simply  p aynothin g if theydo not have enough mone y , thisisa big  mis take, ifyou r paym ent is $40 0 a we ek an dyou s imply c an ’tpa y that amo u n t p ay $3 00  or$200 by  not paying anythi n g i t signals tothe  len d e rthe y  a r e d ea l ing w ith a person wh o is a “no ta  w illing pay e r”Ma ke sure  whatev er pa y ments y ou are ma king areco nsta n t ; t his makesyou a “w illing pa y er” a n dare m uch  moreli kel y tohave t h e c onfid ence o fthe le nder. 
Financecompanies and banks are  requi red t o a ct reason abl y  to  borrower ’s c hange in f ina nci al si tua t ion i f th e ydon ’ t hav e th e  abilityt omak e th eir payment s ; thi s mea nst hey ar e un likely to be unre a sonable in acc epti n g  ared u ctio nin the amountofyo u r  payment sas long asyou canpr o videeviden ce ofa chang e in your c ircu mst ances.

T heke y  to hav in gy our pa ymen ts  reduc ed for a pe r i od of time is th e loa n mustn otbe in  d efaulto r ar rears when  you make t he req uest . Ifyou hav ebeen d odg in g the lend e r, not ma kingany pay me nts,  an d then  app r o ach t hemto  re duce your p ay m en ts the y wi ll ha ve  noobligatio n  to do s o
 pecking_order of_things the mortgage you_have with_the_bank ranks_ahead_of your later_finance company loan_secured by your house.
If_you fail to_pay_either the bank or the finance company both can take action to enforce a_mortgagee_sale of_your_property,_however the likelihood of the_finance company selling your house_will depend_on the value of the house and the_mortgage.

If_you have a_$400k house and you owe $50k to the bank,_it’s in the interest of the_finance company to_sell_your_house to recover the_loan, however if the bank’s mortgage_is $300k then the finance company_would think carefully before taking action to_sell your house because along with_the cost of selling the_house they_have to pay the bank_from the proceeds,_plus any_additional fees which_could well soak up any remaining_value the finance_company could receive.

So now you know_the_worst case outcome,_let’s_have_a look_at some positive_ideas_to help.

First_of_all if you find you cannot_meet_the payments contact the lenders. Sure they_may huff and puff_about_you making the payments_due, but making payment arrangements_which you can meet is a_lot better_outcome for_the lender and you, and they know this. (Warning don’t insult_their intelligence by making some ridiculous_offer like $5 a_month as_some_“friends” might suggest)

Some_people_simply pay_nothing if they do not have enough_money, this_is a big mistake, if your_payment is $400 a_week_and you simply can’t pay that_amount pay $300 or $200 by_not paying anything it signals_to_the_lender they are dealing with_a person who is a “not_a willing payer”
Make_sure whatever payments you are making are_constant;_this makes you a “willing payer”_and_are much more likely to have_the_confidence_of the lender.

Finance companies and_banks are required to act reasonably_to borrower’s change in financial situation if they don’t_have the ability_to make their payments; this_means_they_are unlikely to be unreasonable in accepting a reduction in_the amount_of your payments_as long as you can provide evidence of a change_in your circumstances.

The key to having your_payments reduced for a period of time is the loan must_not be in default or arrears when you_make the request. If you have been_dodging the lender, not_making_any payments, and then approach them to_reduce_your_payments_they will have_no obligation to_do so