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Jim Curran in Malvern, Pa., Lost his job in March and was granted permission to suspend his mortgage payments, freeing up thousands of dollars a month, without hurting his credit rating.
Patricia Orndorf in St. Louis Park, Minnesota, also lost her job in March. Her bank allowed her to temporarily skip her credit card bill, which had a minimum monthly payment of around $ 100, until July. But interest was still accruing, and late fees for August, September, and October were added to her balance.
The…
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