The odds of you lowering your principle are close to hell freezing over. It is not like interest, it is cold hard cash you had in your pocket. You are asking to keep it without earning it, free money. It isn’t going to happen, so stop asking.

Concentrate on lowing the interest and increasing the term, they can do this without a loss of capital. You will have an simpler time.

Also, each time you try you have to start all over. The every first thing you have to do when you talk to a work out rep is tell them you do not qualify for the Obama plot. Some of the banks computers close your request as soon as the conclusion of rejection is reached.

Another tip, learned from much frustration, is to keep your package together at all times. The banks tend to loose things in shuffling, or over look them, or whatever. Anyway, it is REALLY common for them to question you to resend a document. It helps to send that document as page 1, but include all of the other ones too. This trick reallly helped me shorten the amount of time it takes to get this done.

Additionally, once you talk to someone who seems to know their a@@ from a hole in the ground get their name, and direct number. Kiss that a@@, becaue if they like you they will tend to help you. They are mostly young people, very susetptible to flttery. "Oh it is so fantastic to find someone who really knows how to get this done. I am so tired of talking to confused people. I am so glad to finally get ahold of you." blah blah blah. Sometimes you have to swallow your pride.