3 Quotes by Dean DeBuck

  • Author Dean DeBuck
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    What is a reasonable amount? One percent of the balance was what was decided to be reasonable.

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  • Author Dean DeBuck
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    We thought that was something that wasn't right. The minimum payment should have some effect on reducing the debt.

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  • Author Dean DeBuck
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    Because banks were having trouble deciding what was reasonable, we have gravitated toward 1 percent of the principal. This is not a hard and fast rule, and banks may establish other payment amounts.

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