Loan Modification Software (Credit cards, mortgages, auto loans and unsecured loans)

April 18, 2009 - PRLog -- TurboModification.com is proud to announce its new software, Loan Modification Center – Business Edition.  

This new, purpose built software allows you do modify:

•   Mortgage Loans
•   Credit Cards
•   Auto Loans
•   Unsecured Loans

With the ‘Loan Modification Center’, you now have the ability to modify all loans and credit cards at the same time.  After all mortgages, credit cards, auto loans and unsecured loans have been entered, you click a button that creates a modification proposal for everything at the same time.

Why this is great….

Industry problem -

The point of this application is to produce modification proposals that the creditors will accept.  The biggest problem with modifications is the lender thinking, “why me – why should I take less money when the other creditors are not?”  

Solution –

Our modification proposals show each creditor that all creditors have been offered the same thing proportionately.  So it as fair as possible to all creditors.

Real life example –

•   Joe Blogs brings home $5,000 per month

•   It costs Joe blogs $1000 per month for bills and living expenses

•   Joe Blog’s total monthly debt payments are  $5,000 and are broken down like this

1.   Mortgage      2000
2.   Car payments      1000
3.   Credit Cards      1000
4.   Unsecured Loans   1000

•   Clearly Joe is short by 1000 per month so his debt payments needs to go down by 1000.  This is done proportionately across all debts

1.   Mortgage      1600
2.   Car payments      800
3.   Credit Cards      800
4.   Unsecured Loans   800

The lender sees this and no longer feels like he is shouldering more than his fair share of profit loss and therefore agrees.

You can download a free 7 day trial of the software from www.turbomodification.com – Release date 14/4/09

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