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Debt Consolidation vs Bankruptcy: Which is Better?

Sawin & Shea

Two of the most common options for dealing with unmanageable debt are filing for bankruptcy and pursuing debt consolidation. Bankruptcy and debt consolidation are distinct solutions, each with advantages and potential drawbacks. However, it’s important to remember that this does not eliminate debt.

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Managing Bankruptcy and Medical Debt Relief in Broomfield, CO

Debt Free Colorado

Some options are negotiating with creditors, structured payment plans, and debt consolidation. Many medical providers offer structured payment plans to make bill repayment more manageable. Debt consolidation combines many debts, including medical bills, into one with a lower interest rate.

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How Does a Debt Consolidation Program Work?

Titan Consulting

Debt consolidation might include a debt management repayment plan, credit card balance transfer, personal loan, or equity line of credit. The main strategy in any debt consolidation strategy involves replacing one debt with another debt, usually with a lower interest rate or monthly payment.

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Debt After Death: 9 Things You Need to Know

Credit Corp

What debts are forgiven at death, for instance? DISCLAIMER. The information provided in this article does not, and is not intended to be, legal, financial or credit advice; instead, it is for general informational purposes only. . Losing a loved one is hard on so many levels.

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The Debt Snowball Method: 6 INTELLIGENT Ways to Get Started

Credit Corp

Have you stumbled upon numerous methods of eliminating debt ? Perhaps you find yourself wondering how to get out of an out of control debt spiral. If so, the debt snowball method could be a simple way to pay down debt.

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What Can I Do if I’m Drowning in Debt? Here Are 3 Easy Strategies

Credit Corp

Are you drowning in debt and wonder what you can do? Here are three easy strategies you can do today to get started paying off your debt. And last, putting it together, you need to use that monthly surplus to pay off your debt. First, you need a budget to create a monthly surplus. Second, you need to know how much you owe.

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How to Get Out of Debt: 13 Expert-Backed Steps for Success

Credit Corp

Dealing with debt can feel like a hopeless situation. Don’t worry: You don’t have to be stuck with debt forever. This article originally appeared on Your Money Geek and has been republished with permission. You try your best to make your payments, but interest charges eat up all your progress. Sound familiar?