I know this is quite rare and generally only happens during a financial crisis, and even then it's quite rare (I think?), but I'm curious what happens in this situation. Is the new financier able to change the terms of your existing contract?
I saw a documentary a while back about how all these farmers had their loans sold to one of the big banks who then begun enforcing stricter terms, which got me thinking...
I saw a documentary a while back about how all these farmers had their loans sold to one of the big banks who then begun enforcing stricter terms, which got me thinking...