How Businesses and Self Employed Borrowers Obtain A No Income Verification Mortgage

If you are self-employed, a new corporation or entity or simply took a loss on your personal or business taxes then you may find it difficult to get a commercial real estate loan approval – especially from conventional financial lenders. It sometimes seems that traditional lenders have an unspoken bias against the self-employed and new entities with less than 2 years in business, a company experiencing a bad year, or seasonal workers / businesses.

But there is one solution to this, and it is called a no-income verification mortgage. Now, let us explain about this mortgage first. Afterward, we will tell you about the property owners, corporations, businesses, and small to middle market real estate investors who need this financial product, and the different things to keep in mind before applying for a no-income verification mortgage in Florida and throughout the continental United States.

Navigating the no-income verification commercial lending landscape

A low- or no-income doc commercial loan lender will not demand documentations such as personal or businesses tax returns, pay-stubs, 1099's, k-1's, tax transcripts, and other personal or business related income docs. Generally, a commercial mortgage lender offers this financial product to those who are disqualified by banks and other traditional lending sources; the reasons for the disqualification majorly, include large losses displayed on the taxes, a lower taxable income, negative income, hard-to-verify or fluctuating incomes.

The business and self-employed lot, having an unstable income but strong credit, faces such problems. Applicants for a no-income verification commercial loan, however, have to cough up slightly larger down payments; ie, a substantial deposit through personal savings or equity in security typically 25-30% of the appraised value.

Who requires this loan?

Some groups find it hard to meet the strict requirements of a traditional lender. These groups include:

  • New businesses
  • Contracted personal
  • Corporations or entities declaring a negative taxable income or larger losses than gains
  • Self-employed
  • Unemployed
  • Seasonal workers
  • New immigrants

What must be kept in mind before applying for this loan?

Slightly higher interest rates but competitive enough to allow your investment to create a positive cash flow on your investment

A no- or low-doc mortgage only requires asset based income and other related commercial real estate property documents, and that is why it is easier to qualify – but it generally carries slightly higher interest rates. The interest rates of a no-income verification loan mainly depend on lenders and your credit worthiness. A few lenders offer loans at discounted interest rates; the same figure an investor gets while securing a real estate investment loan traditionally.

Slightly larger deposits

Generally, every commercial lending institution requires a deposit of 25-30 percent; however, a few lenders may require smaller deposits.

Unsecured Loans

Why $20,000 Unsecured Personal Loans Are Available To Bad Credit Borrowers

Between the pressure created by debt, and the challenge of paying for the wide range of everyday household bills and expenses, there can be little surprise as to why so many Americans are struggling financially. But perhaps what is a surprise is that $20,000 unsecured personal loans are available.

It only stands to reason that lenders would be reluctant to accept an application for such a large loan and grant approval without collateral to provide any security. While this is certainly true for traditional lenders, there are alternative loan sources that are willing to take on the added risk.

The availability of unsecured personal loans means that almost everyone has a route out of financial trouble. But getting approval is in no way assured, and like every other loan application, there is need to convince the lenders that repayments will be made without a hitch. So, why are such loans available to bad credit borrowers?

Credit Scores Are Overlooked

The fact is that bad credit scores are pretty much meaningless when it comes to the approval process. They are no more than a reflection of past financial situations and not the present situation. What this means is that lenders can overlook them, thus making a $20,000 unsecured personal loan perfectly viable if certain conditions are met.

The chief influence that these credit scores have relates to the interest rate charged on the loan. The rule is that the lower the score is, the higher the interest – and vice versa. An excellent credit score is 700 and over, while a bad credit borrower is usually anything between 600 and 699. Scores below 600 are usually insufficient to secure loan approval without collateral.

However, when the credit score is low, the higher interest rate often makes the repayments on an unsecured personal loan too large to be affordable. This is where the score can cause damage, but the final approval decision rests on employment status and the debt-to-income ratio.

Lengthening The Loan Term

One of the most effective ways to make a $20,000 unsecured personal loan affordable is to extend the term of the loan to its maximum. Basically, the more monthly repayments that are due, the smaller the share of the principal that is paid each month.

For example, a $20,000 loan over 5 years has 60 monthly repayments, at monthly repayments of around $350. But over 10 years, the principal is divided into 120 individual monthly repayments, at about $175 per month. And with the repayments so affordable, getting approval without collateral is not difficult.

With this in mind, seeking a longer term unsecured personal loan makes perfect sense. But remember that with a great number of repayments, the amount of interest paid over the lifetime of the loan is also greater.

Consider Online Lenders

As a bad credit borrower, approaching a traditional lender with an application for a $20,000 unsecured personal loan is likely to end with disappointment. Traditional lenders offer terms that are not ideal when finances are already strained. Online lenders are a much better option.

This is because online lenders are recognized experts in bad credit lending, and have loan packages designed to suit the specific restrictions that bad credit borrowers commonly have. Getting large loan approval without collateral is more likely because of their ability to accommodate tighter budgets – as long as the issues of affordability are satisfied.

But it means even large unsecured personal loans are within reach, and a route towards financial recovery does exist.

Unsecured Loans

Unsecured Personal Loans for Bad Credit Borrowers: Perfect Solutions for Small Sums

A cash injection is always welcome, whether through the State Lottery or by securing a small loan, because it eases the financial burden. But sourcing a small loan is not so simple when bad credit ratings are involved. Thankfully, there are unsecured personal loans for bad credit borrowers, making it possible to secure that vital extra cash.

These cash injections are very welcome when an unexpected expense is received, one that is impossible to pay with whatever excess income there is. It could be a medical bill, or a warning of late mortgage payment, but having access to extra cash is essential. In such circumstance, having fast loan approval is also important.

So, where can these loans be gotten? And can the cash be accessed when bad credit is a factor? Well, when the sum required is around $2,000, getting an unsecured personal loan is of little trouble, once the necessary criteria are met.

Understand What Can Be Afforded

Half the battle to securing a loan is to know how much to seek. So, before submitting an application, be sure to calculate a budget. Lenders that provide unsecured personal loans for bad credit borrowers accept the risks involved, and by providing a realistic budget, it tells them the applicant has their feet firmly on the ground.

Many applicants seek a little extra than is actually needed, but this is of little advantage when it comes to repaying the loan. In orthodox loan repayment schedules, this can mean hundreds of dollars in extra interest being paid over the loan term. But to guarantee fast loan approval, a payday loan is the best option, and this is generally repaid in one go within 30 days.

Also, when calculating the sum to seek, make sure the small print on any unsecured personal loan deal is carefully studied. It may reveal hidden charges and strict penalties.

Consider a Longer Loan Terms

In emergency circumstances, it can be difficult to choose the perfect loan. Payday loans, for example, can be granted within minutes of the application, and funds secured in the bank account within 2 or 3 hours. As unsecured personal loans for bad credit borrowers go, financial emergencies can be dealt with very quickly.

But there is a price to such convenience, with interest as high as 30%, turning a $2,000 loan into a $2,600 debt requiring full paying within 30 days. But, while securing fast loan approval has its definite advantages, a longer-term loan relieves the pressure. The issue for lenders is that repayments are made with no problems, while for borrowers, is that the size of the repayments is low; a long term serves both interests.

For example, a $2,000 unsecured personal loan could be repaid over 12 months, at $170 per month, but over 24 months, the repayments fall to $85. With the chances of defaulting much less, approval is more likely.

Search On The Internet

It is common knowledge that the best loans deals are found online, especially when seeking unsecured personal loans for bad credit borrowers. Online lenders are recognized as specialists in bad credit lending, so have loan packages that cater to the needs of that niche market. Typically, interest rates are lower and the term is longer, so that the monthly repayments are more affordable.

Also, because of technology, it is possible to get fast loan approval too (in fact, most lenders offer it as standard). Besides, when it comes to small sums like $2,000, most loans are approved with no credit checks, and with unsecured personal loans, this is very useful.

Unsecured Loans

Getting Unsecured Loans With Bad Credit: Options Available to Borrowers

Bad credit borrowers can have a hard time of it when searching for loans with good terms. It is a consequence of their bad credit history, and one that usually means costly compromises must be accepted to get an application approved. But there are affordable options available for those seeking even unsecured loans with bad credit.

The reason why these opportunities exist is that a low credit score is no longer recognized as an accurate indication of risk. Honest borrowers have been hit by the financial crisis of recent years, and find themselves with low scores. As a result, loan approval is more difficult, but getting loan approval with no collateral is much harder.

Collateral is a hugely significant aspect to a loan application, but it can be hard to get when the required loan is large. After all, who has an item worth $15,000 or $20,000 to put up as collateral that they may be willing to lose. So, for most of us, an unsecured personal loan is the best we can hope for.

Secured vs Unsecured: Different Terms to Expect

There are 3 sources that applicants can seek loans from: traditional lenders, like banks; lending firms that specialize in loans but no other financial activities; and online banks and lenders. Each offers very different terms and conditions to those applying for unsecured loans with bad credit.

Typically, of course, the terms of a secured loan are going to be much better. Interest rates are lower and loan sizes are limitless, with the only condition being that the value of the collateral matches the sum being borrowed. Certainly, loan approval with no collateral is much harder because of the degree of risk the lender must accept.

Because of this risk, the interest rate charged is higher. This in turn increases the cost of the loan, which directly affects its affordability, which sometimes means the size of the approvable unsecured personal loan is lower than the sum needed.

The Problem With Traditional Lenders

There was a time when traditional lenders were arguably the best sources for financing. But in recent years, a large portion of existing loans had to be written off by lenders because borrowers were unable to maintain repayments. The result is that banks and credit unions are nervous about granting unsecured loans with bad credit.

Unsurprisingly, these large lending institutions have tightened up their lending policies, introduced stricter terms and penalties for late payments. Interest rates have risen for bad credit borrowers, often making the loan itself too expensive, and loan approval with no collateral has become extremely difficult to attain.

In fact, traditional lenders are less likely to lend than ever before, even to applicants with good credit scores. The only way for many people to get the green light on an unsecured personal loan is to look to the alternative lenders, usually to be found online.

Advantage of Alternative Lenders

The Internet has brought a world of lending options to consumers, and that has made the chances of getting an unsecured loan with bad credit, but at affordable terms, much more likely. There are two types, however.

Subprime lenders operate online and approval is almost guaranteed with them, even for large loans. The reason they can afford to accept the risk of granting loan approval with no collateral is that their interest rates are competitive, but the term is long (25 years). So, repayments are kept affordably low, but over the lifetime of the loan a large amount of interest is paid.

Private online lenders charge lower interest rates and shorter repayment terms, but the loans are smaller. Payday loans are anything from $100 to $1,500, while larger unsecured personal loans of between $2,000 and $20,000 boast competitive terms compared to traditional loan terms.

Unsecured Loans

$25,000 Unsecured Loans For Bad Credit Borrowers: Why Approval Is Always Possible

Bad credit scores are frustrating factors for applicants, especially when trying to secure a large loan. Lenders feel unsure about approval, with fears the poor credit record is a sign of a default on the horizon. Thankfully, there are large loans available, like a $25,000 unsecured loan, for bad credit borrowers.

It might seem strange that such financing could get the green light, but getting loan approval does not rest on a credit score. There are more significant factors, and more important boxes to tick. Knowing that an applicant has the excess income to meet repayments is of far greater interest to lenders.

Of course, loan approvals are never guaranteed, and it is only logical that large unsecured loans still provide a certain risk for lenders. Therefore, the terms are not ideal and bad credit borrowers have to accept compromises.

The Truth About Credit Scores

Credit scores have only ever been used as a guide by lenders. The reason is a variety of events can contribute to the score, and often outside factors are to blame rather than poor money management. Loan purpose can override any credit history, which is a key reason why a $25,000 unsecured loan for bad credit borrowers exists.

The only influence a low credit score has is to dictate the interest rate to be charged. Low scores (300-450) mean very high interest rates; middle scores (451-650) mean above average rates; while good scores (651-800) mean low or very low rates.

Getting loan approval is helped greatly when the scores are high, as a low rate lowers the monthly repayments, making the debt more affordable. And when it comes to a large unsecured loan, a low score can make a big difference; alternatively, a low score can make a loan deal too expensive.

The Loan Term is Key

For bad credit borrowers, of course, keeping the interest rate low is very difficult. However, there is a highly effective way to improve the affordability of the loan. By agreeing a long loan term, the loan principal is divided into more individual payments, thus keeping the monthly repayments low. So, even a $25,000 unsecured loan, for bad credit borrowers especially, becomes more manageable.

Remember that the key part of getting loan approval is always affordability. If repayments can be made without a hitch, then there is little reason for the application to fail. The size of an income is not enough, there must be sufficient excess income to cover the payments – and a long term effectively ensures this.

For example, a $25,000 repaid over 3 years requires monthly payments of around $715, but over 10 years, the same loan would cost only around $215 each month. Extending the loan term on a large unsecured loan makes approval extremely likely, if other criteria are in order too.

Consider the Choice of Lender

It is unwise to underestimate the lender in favor of loan terms, since it is the lender that sets the terms. When it comes to $25,000 unsecured loans, for bad credit applicants to stand a chance of getting the green light, finding excellent terms is the primary concern but the right lender should be open to some negotiation.

To this extent, going to your local bank is a idea, even though they are famed for their high interest rates. But if your relationship is good, then it may be possible to get a good deal.

Online lenders are less accessible in that sense, but offer lower interest rates and greater flexibility. And since they are recognized experts in bad credit lending, they also represent the best chance of getting loan approval when bad credit is an issue. Still, be sure to read the small print to check for hidden charges, especially with large unsecured loans.

Auto Loans

No Money Down Auto Loans for Bad Credit Borrowers – Tips to Get Approved

As cars are becoming a necessity for us, the importance of auto loans is rising. When someone applies for a car loan, it’s obvious that he has no ready cash for buying the car. This means making a down payment also becomes difficult. The good news is that you can avoid money down by opting for no down payment car loans. This car financing program is perfect for everyone including people with bad credit.

Is it Possible to get No Money Down Auto Financing with Bad Credit?

Yes. You can easily get approved for zero down auto loans with poor credit. All you need to do is ensure the lender of his financial investments. If he considers you a less risky credit borrower, instant approval and guaranteed low rates will be a reality for you.

How to get Guaranteed Approval on No Down Payment Auto Loans for Bad Credit?

These tips will help you get easy approval no down car loans. Bad credit will cease to be a problem when you follow these suggestions. Try and use the maximum of them to enjoy low rates and lower car loan cost.


A co-signer lowers the risk factor. It is because the lender knows that he can recover his money if you stop making payments. So, start your search for a co-signer today.

Income Proof

Having sufficient income to pay-off car loan is one of the important criteria. You can show your pay-stubs or tax returns as income proof. This way lender will be sure of your regular income and also, regular payments.

Inexpensive Car

Choosing an inexpensive car means reducing your car loan amount. And with the reduction in loan amount, lender’s risk also reduces. This way your approval chances become brighter.

Trade-Ins and Rebates

You can avoid down payment by trading your old car. Ask the dealer to deduct the value of your old car from the auto loan amount and forget putting money down. You can also make use of rebates for the same purpose.

Shorter Loan Term

If you opt for a shorter loan term, it means you will be able to pay-off the loan before the end of useful car life. This is perfect for everyone because the risk of upside down auto loans reduces substantially.

Choosing the Lender

You certainly don’t want to waste your time in applying with lenders who won’t offer you loans. So, start your research for lenders who offer no down car financing programs to individuals with bad credit ratings.

You can make use of internet for searching sub-prime lenders. They work with bad credit borrowers and have no trouble in providing car loans without down payment.

You can select a reputed online car financing company for loans. They have a huge network of lenders and dealers which makes it easy for them to guarantee quick approval. Don’t forget to check the reputation of the lender/auto financing company before filling the application form.

All these tips will definitely help you in securing no down payment auto loans. When you follow them, it will make your car loan application stronger and lenders will be compelled to look beyond your credit score. So, don’t forget them during the car financing process.


Foreclosures Halted for Borrowers in Distress!

Homeowners who are unable to make payments on their mortgage may find relief with the new programs implemented by the Federal Housing Finance Agency. The real hope is that financial lending organizations will put a stop to foreclosures to give homeowners a temporary relief. It has been reported that Fannie Mae and Freddie Mac have already sent notice to their loan service organizations to suspend foreclosure sales on occupied single family properties. This in itself will help homeowners to get back on their feet and start making mortgage payments.

The government realizes that when foreclosures are halted for borrowers in distress that they must act swiftly to provide a bailout that will provide the financial help that the homeowner needs in order to save their homes. The problem is that the nation is faced with over two million at-risk homeowners in the position of being faced with foreclosure. The government has created a bailout package that is funded by $75 billion dollars to help the homeowner keep their homes and avoid foreclosure.

The realistic problem is that lots of money in a program will not save homes from foreclosure. There needs to be a plan put into action that will assist the homeowner now and in the future. Money is part of the problem; unemployment is another piece of the problem. A substantial loan to the homeowner will only post-pone the problem of foreclosure the need is for a plan that will work. The Home Modification Plan is expected to help resolve the homeowner’s plans preventing foreclosure.

The lenders are more than willing to work with homeowners to help resolve the foreclosure problems. The housing market is suffering with too many homes on the market being sold under market value. This event and the fact that the banks are now starting to suffer with huge loss. When you put this together it means that not only is the homeowner suffering from this foreclosure problem but so is the economy. There are always of course shrewd people who buy up foreclosed property to resell it making a profit. This in no way provide help for the homeowner nor does it help the bank.

The lenders find that it is best to work out a plan that will work for the homeowner and for the bank in order to maintain both parties. The idea was to lower the interest rate and the monthly payment which would make it possible to keep the homeowner out of foreclosure. It was estimated that over a million letters was sent out to the homeowners but just a small amount responded to the lender. Now with foreclosures being halted for borrowers in distress it is hoped that this plan or one of another will be implemented to help save the homes for the homeowners from foreclosure.

Student Loans

Recent Obama Changes Favor Student Loan Borrowers More Than Ever

Federal student loans are backed by U.S. Government. They are not based on credit histories of borrowers, since most people applying for and receiving them come right out of high school and do not have a credit history yet. They feature lower interest rates that result in smaller monthly payments. While government student loans may not be sufficient to cover the entire cost of education alone, they offer a great money-saving opportunity to fund college education, since they currently have an interest rate cap of 8.25%, with factual rates way lower than that.

Student Loan Consolidation Is Also Available With Help of Federal Government

U.S. Government, besides lending money to students, also offers loan consolidation services. Many students find it overwhelming to service the amount of debt they have accumulated through school years, especially without securing a stable employment in their field of education. While it may take some time and effort to work on student loan consolidation, the benefit is great, allowing a student to get one lower monthly payment instead of many. The interest rates are low, usually way less than you may get from private lending institutions, and many incentives are offered to those making timely payments. With a wide variety of options available from Federal Government it is important to research all of them, ensuring the right terms for your individual needs.

Student Lending Is Being Modified With More Changes on the Way

There have been many changes in the way student loans are handled in recent years. Federal Government is serving as the largest student loan vendor, repurchasing loan notes from banks and other lenders. The Obama administration has made these changes to make higher education more affordable during turbulent times in economy, ensuring more people would be able to get college education, since many private lenders had cut their student lending activities during recession. The government has exercised massive student loan repurchasing activities to keep the banking system from falling apart. While this was only projected as a short-term temporary activity, it had enabled many people to obtain cheaper student loans.

With more changes in student lending on the way enforced by government, an uncertainty rises whether those would benefit the ability of students to get financial aid. Obviously, if government will continue to pump money into failing banking system, obtaining financing for college education may be a way harder task to accomplish. Today, however, with favorable changes for students, it is a good time to consider getting a student loan or refinancing existing obligations.

Student Loans

New Student Loan News: Borrowers Get a Small Break

One of the biggest problems with government issued student loans is that the Department of Education doesn’t handle the day to day operations. The Department contracts with other companies for these tasks. Believe it or not, the Department of Education sends the majority of student loans to the same four major contractors to handle the day to day operations of the loan processing. Are there other companies besides these four? Yes, as a matter of fact there are.

Hmmm, if it seems to you that the Education Department has been playing favorites, you would be correct. The government is playing favorites by allowing these four companies a veritable monopoly on their contracts. Can you believe it? Shockingly, these four contractors also have the worst track record when it comes to allowing borrowers to fall behind on payments.

The reason why many borrowers fall behind on payments directly after graduation vary, but one major reason is a lack of customer service. Many new graduates do not know when loans are due, how to repay those loans, or what can be done if they fall behind on loans.

Better overall customer service is one answer to this problem. Another answer is to allow smaller contractors – with much better track records – to handle a bigger percentage of student loans.

A Move by Congress

Finally, this past December while much of the country was preparing for a long holiday break, President Obama signed a spending bill that will end the issuing of student loans directly to major contractors with poor customer service. Now, instead of sending the bulk of student loans to those four major contractors, the Department of Education will have to include smaller contractors as well – in other words, all contractors are now allegedly equal.

What will the outcome be? Interestingly, most of those smaller contractors have a much better record of preventing students from defaulting simply due to better customer service. Those smaller contractors spend more time (as a rule) focused on borrowers that are about to default, and on helping new graduates understand repayment schedules and options.

Additionally, this new government law will force larger lenders to take more care when handling student loans, which might be one of the best outcomes of the new law.

What This Means for You

The Department of Education has until March 1 of this year (2016) to comply with the new law. This means that you may find (if you have government loans) better overall customer service, more customized solutions to your loan problems, and help when it comes to figuring out what you can and can’t do with your student loans. You may also be dealing with a smaller contractor in the new year.

The Department of Education does argue that the smaller contractors have better track records simply because they deal with graduates that aren’t delinquent, but this line of defense is debatable (and is being debated). In the end, all of this is great news for graduates with government issued student loans – and for those smaller contractors that did not get a fair shake prior to the new law.

Facing Default?

It’s completely understandable that you may have fallen behind where your student loans are concerned – and rest assured that it does happen to many graduates. If this is the situation that you are currently facing, now is a great time to contact a qualified lawyer and get some advice on your next steps.

Student Loans

Student Loan Borrowers As Victims – How So, They Signed Up For It

Many people including the President of the United States continually tell everyone that going to college is the answer to success in life to getting a good paying job. They also suggest that those folks that don’t go to college perhaps will never make anything of their lives, nor will they have a chance at the middle class. This is actually incorrect, because a good number of folks that own their own businesses and have succeeded incredibly had never went to college, and a good many of the most successful entrepreneur billionaires only had two years of college or less (Bill Gates, Mark Zuckerberg, Michael Dell, it’s a long list).

In Saudi Arabia they are sending kids to college in record numbers, and in Ireland for instance everyone got free college. How are all those college graduates doing in those countries? Most all of them are not doing very well. What I’m saying to you is going to college is no guarantee for success in life, and besides that only 15% of the people graduating with degrees from college work in the same field for which they had gotten their degrees.

Further, some people shouldn’t go to college because they are not cut out for that type of work, the type of work that is authoritarian-based such as in a corporation where they tell you how to do everything. If you want a corporate job, going to college might be good training, but it’s also going to cost you almost $100,000 before you leave.

Success in life should not include throwing yourself into debt or economic enslavement for the next 10 to 20 years of your life, especially when there are no guarantees. There are certainly no guarantees when we have a socialist left-leaning government, or one which is moving rapidly in that direction. Okay so let’s talk a little about this shall we?

You see, there was an interesting article on Reuters on October 15, 2012 titled; “Regulator says student loan complaints resemble mortgage woes,” by Aruna Viswanatha and editing by Steve Orlofsky which stated; “Some private student loan borrowers who are struggling to repay their debts are facing the same frustrations with servicers that have plagued mortgage borrowers, the U.S. consumer agency said in a report.”

Some politicians now are standing up and telling the students who took out those loans that it is not their fault for signing their name to all those student loans. They are telling the students that they were lied to by the University, by society, or even by the politicians themselves – that if they went to college they’d be guaranteed a high-paying job, and make more money during their lifetime than those who didn’t go to college. Now they are stuck in debt. That’s hardly what they were promised, that’s true.

Nevertheless, when you borrow money, you must pay it back, and those are consequences if you don’t. Should these students be let off the hook for the money they borrowed, should they be allowed to play victims? What about the investors who own that debt, or the taxpayer which has guaranteed it? I hope no one is suggesting that it is our fault, and the students couldn’t have possibly known? Further, I find it rather curious that politicians are telling students that the way to success is going to college.

Quite frankly as the founder of a franchising company, and looking at the level of education that these kids are getting, and their level of savvy and experience once they get out – I wouldn’t hire any of them, they act like primadonnas, and most of them don’t have a clue, all they have is a certificate of completion, a degree and a diploma which says that they know something, even if they are incapable of using that information to help a company to greater productivity if they are hired. Student loan borrowers are not victims, they signed up for those loans, and they need to repay them.

How dare any politician pander to these students with these high student loans telling them or suggesting that perhaps it’s not their fault, and they don’t have to pay them back. Please consider all this and think on it.