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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