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Can I File Bankruptcy on Just My Credit Cards?

Sawin & Shea

When you file for bankruptcy whether Chapter 7 or 13, you are required to list all debt, both secured and unsecured. You aren’t allowed to pick and choose which debt you want the bankruptcy to apply to. However, secured debt means the borrower has put up collateral (e.g. When Should I Consider Declaring Bankruptcy?

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Is It Okay To Pay Just The Minimum On Credit Card Debt?

Debt Guru

You can treat these like any other monthly bill: Even if you make only the minimum payments on this type of debt, you will eventually pay it off. This is not the case with higher-interest unsecured debt such as credit cards. We can help you find ways to get off the hamster wheel and pay off your debt for good.

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An In-Depth Guide to Bank Account Garnishment in Texas and How to Avoid It

Debt RR

Common reasons for bank account garnishment in Texas include: Private creditors: These are banks, credit unions, credit card companies, peer-to-peer lenders, hard money loan providers, and other financial institutions. This debt can include anything from credit cards to past due balances on office space.

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Consolidating Your Debt? Here’s What NOT to Do

Debt Guru

You pay off multiple types of loans and credit card balances with your new consolidation loan, and you’re left with a single monthly payment to the new lender. Debt consolidation can be a great tool to get out of debt faster – but only when it’s used correctly. The difference is that unsecured debts are not backed by collateral.

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National Debt Relief Review

Better Credit Blog

Debt settlement firms expect you to stop paying your lenders and make monthly installments into a secure trust instead. While waiting for money to build up in your secure trust, the debt settlement firm won’t send any to your lenders. It’s resolved more than $1 billion in unsecured debt since it first launched in 2009.

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How to Repay Debt: 4 Options

Debt Guru

So, you’ve got a bunch of unsecured debt. You’ve been managing it, for the most part, but you’re finally fed up. You’re more than ready to start living debt-free. There are many different approaches for tackling debt repayment. Contact us today to discuss your options for getting clear of debt once and for all.

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Freedom Debt Relief Review

Better Credit Blog

TransUnion calculates that paying off $5,000 of credit card debt at the minimum rate costs $10,000 in interest. This is where a debt relief program can help, typically with unsecured debt, meaning debt not associated with a tangible asset like a house or car. Who Is Freedom Debt Relief Best For?