This document has some awesome stuff in it. Very detailed info about the HMP and servicers.
The part I am confused about is pgs. 9-10 about the 31% and how to get the modification interest rate to the 2% floor.
Also, on pg. 7 it says that the off-ramp is Chapter 13. Does that mean that if HMP does not work for me, that I need to go Chapter 13?
http://www.wcsr.com/resources/pdfs/ess030909.pdf
The part I am confused about is pgs. 9-10 about the 31% and how to get the modification interest rate to the 2% floor.
Also, on pg. 7 it says that the off-ramp is Chapter 13. Does that mean that if HMP does not work for me, that I need to go Chapter 13?
http://www.wcsr.com/resources/pdfs/ess030909.pdf