Sawin & Shea

FEBRUARY 28, 2024

When filing for bankruptcy, you can discharge certain types of personal loans, meaning that you’re no longer legally responsible for paying off the debt. If you’re considering filing for bankruptcy, you need to know what personal loans you can discharge and which filing method suits your financial situation.

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Personal loans Bankruptcy Chapter 13 bankruptcy Loans 52

Collection Industry News

FEBRUARY 21, 2022

If you’re just making the minimum payments on your credit cards, it may be worthwhile to consider one of these debt repayment strategies. Americans are racking up credit card debt at a record-setting pace, according to the Federal Reserve Bank of New York. 3 ways to get out of credit card debt.

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Credit Card Debt Debt Consolidation Credit Counselor Personal loans 52

Collection Industry News

AUGUST 13, 2023

Americans’ credit card debt levels have just notched a new, but undesirable, milestone: For the first time ever, they’ve surpassed $1 trillion, according to data released Tuesday by the Federal Reserve Bank of New York. During the second quarter, credit card balances shot up by $45 billion, or nearly 4.6%, to land at $1.03

Credit Card Debt 40

Credit Card Debt Student loans Student Loans Loans 40

Titan Consulting

SEPTEMBER 8, 2020

Making just the minimum payment required each month on credit card debt will maximize the amount of interest you pay to creditors. Continuing to pay just the minimum payments on your credit card debt robs you capital you could use to fund your retirement or pay for your children’s education. Key Takeaways.

Credit Card Debt 75

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Sawin & Shea

NOVEMBER 2, 2022

If you’re concerned about the potential impact of bankruptcy on your spouse, you’re not alone. This is one of the top questions married people have about filing for bankruptcy in Indiana. First, you should know that choosing bankruptcy is a smart, proactive way of lifting the burden of overwhelming debt. Bankruptcy Code.

Bankruptcy 52

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Titan Consulting

SEPTEMBER 29, 2020

Credit card debt features low monthly payments, but double-digit interest which compounds daily, causing balances to grow fast and making it hard to eliminate the debt. Paying off credit cards will save you money on daily compounding interest payments. Paying Credit Card Debt in Retirement.

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Collection Industry News

MAY 27, 2023

Banking has been top of mind for many people in the wake of some surprise bank failures and moves by US regulators to boost confidence in the financial system. Each time the Fed raises the rate, the lending rates that banks charge their customers tend to follow.

Credit Card Debt 40

Credit Card Debt Personal loans Lender Loans 40

Roths Child Law

APRIL 12, 2021

With just $15 left in their bank, one Baby Boomer made peace with the fact that she had less than others. Where she once had been a millionaire, she now had to file for Chapter 13 bankruptcy to repay her debts. During it, her balance fell to just $15 in the bank. She moved to Iowa, where the cost of living was much lower.

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Sawin & Shea

SEPTEMBER 27, 2023

Filing for bankruptcy can provide you with a much-needed second chance when it comes to your finances. If you are a victim of debt collector harassment, it’s important to know the debt collection laws, and consider your options for debt relief. What is Chapter 7 Bankruptcy?

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Collection Industry News

DECEMBER 6, 2022

It’s getting more expensive to pay down credit card debt. The average interest rate on new credit card offers is now nearly 23%, according to LendingTree’s latest analysis. Credit card interest rates are as high as they’ve ever been,” Matt Schulz, chief credit analyst at LendingTree, tells CNBC Make It.

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Debt Free Colorado

NOVEMBER 18, 2023

Do not let the weight of post-bankruptcy credit challenges stop you from financial freedom Filing for bankruptcy is undoubtedly a challenging decision, one that can have a significant impact on your financial stability and creditworthiness. How Does Bankruptcy Affect Credit?

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Better Credit Blog

JANUARY 11, 2022

If you find yourself saddled with more debt than you can reasonably pay off in a timely manner, you can always file for bankruptcy. But sometimes bankruptcy is the best way to get a new start so you can then stay on top of your finances, and with hard work, you can begin to turn your financial life around. About Bankruptcy.

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Sawin & Shea

AUGUST 4, 2021

If you are struggling to pay other debts, a bankruptcy will make more sense for you. What if you file for Chapter 7 bankruptcy? Since you will be losing the house anyway, you may as well surrender the house and walk away without worrying if the lender will forgive your debt. How does a short sale affect my credit?

Bankruptcy 52

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Troutman Sanders

JANUARY 27, 2023

On July 19, 2022, the Ninth Circuit Bankruptcy Appellate Panel ruled that a creditor’s proof of claim — while meeting the standard of the Bankruptcy Code — was insufficient to enforce the debt under state law and was therefore subject to disallowance. The bankruptcy court agreed with the creditor and overruled the objection.

Bankruptcy 52

Bankruptcy Debtor Creditors Credit Card Debt 52

Sawin & Shea

SEPTEMBER 14, 2022

When filing Chapter 7 or Chapter 13 bankruptcy, it’s critical to understand the difference between consumer debt and non-consumer debt. Your consumer and non-consumer debts impact your ability to file Chapter 7 bankruptcy, and your debt types also determine what’s protected by an automatic stay when filing Chapter 13 bankruptcy.

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Collection Industry News

JANUARY 13, 2024

household debt grew by $800 million from 2022 to 2023, including a 16.6% growth in credit card debt. While the new year marks a time for new beginnings and a fresh start, millions of Americans entered 2024 with more debt and less to put in their checking and savings accounts. At the start of the year, U.S.

Credit Card Debt 40

Credit Card Debt Student loans Student Loans Bankruptcy 40

Collection Industry News

JULY 28, 2020

Credit card debt piled up for Jess Brown, and the $600 federal unemployment supplement has kept her afloat. Credit… Eamon Queeney for The New York Times. Bankruptcy Filings and Household Debt. American households had more debt than ever when the pandemic sent unemployment soaring this spring.

Bankruptcy 40

Bankruptcy Credit Card Debt Creditors Banks 40

Sawin & Shea

APRIL 10, 2024

Chapter 7 bankruptcy is a great financial solution for those struggling with debt, especially unsecured debts. With Chapter 7 bankruptcy, you as the debtor can discharge most unsecured obligations after liquidating nonexempt assets. For experienced bankruptcy lawyers in Indiana, contact Sawin & Shea, LLC.

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Chapter 7 bankruptcy Bankruptcy Debtor Unsecured Creditor 52

Roths Child Law

APRIL 12, 2021

With just $15 left in their bank, one Baby Boomer made peace with the fact that she had less than others. Where she once had been a millionaire, she now had to file for Chapter 13 bankruptcy to repay her debts. During it, her balance fell to just $15 in the bank. She moved to Iowa, where the cost of living was much lower.

Bankruptcy 40

Bankruptcy Chapter 13 bankruptcy Credit Card Debt Banks 40

Sawin & Shea

APRIL 17, 2024

Chapter 13 bankruptcy is an invaluable financial tool for those struggling with overwhelming debt, and it can pave the way for a fresh start. Unlike Chapter 7 , Chapter 13 bankruptcy allows you to avoid liquidating your non-exempt assets. What Is a Chapter 13 Bankruptcy Filing?

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Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Unsecured Debt 52

Credit Corp

MARCH 16, 2021

Is your credit card debt behaving like an unruly boy and has gone completely out of your control? Are you spending sleepless nights wondering how to get yourself out of a debt spiral? Or perhaps it’s a burgeoning credit card debt? How to Control Your Debt Yourself. Look Where You Are.

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Credit Corp

MAY 4, 2021

Before you get into the nitty-gritty of debt payoff, start by figuring out the big reason why you want to be debt-free. This is crucial for keeping yourself motivated when things feel difficult, according to Fo Alexander, founder of Mama & Money and author of “Dump Debt & Build Bank.”. Set Micro-Goals.

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True Accord

APRIL 5, 2023

25% despite concerns around the turmoil that has shaken the banking system , landing it at 4.75-5%. Consumers trying to make ends meet have continued turning to credit cards and other credit types to bridge the income to expense gap. According to the Federal Reserve Bank of New York, U.S.

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Student loans Student Loans Credit Card Debt Loans 94

Titan Consulting

SEPTEMBER 22, 2020

All types of debt relief programs come with negative consequences, including non-profit credit counseling and bankruptcy, and will directly or indirectly negatively impact your credit score. State and Federal Regulations for Debt Settlement. Options for Consumers Seeking Debt Relief.

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Credit Corp

OCTOBER 31, 2023

Chime is a financial technology company, not a bank. Banking services provided by The Bancorp Bank, N.A. or Stride Bank, N.A., The Chime Credit Builder Visa® Credit Card is issued by Stride Bank, N.A., and may be used everywhere Visa credit cards are accepted. Learn More $2.50

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Collection Industry News

APRIL 26, 2024

Americans are already struggling to keep up with their credit card payments. Credit card debt rose $143 billion during the fourth quarter of 2023 from the year before, according to data from the New York Fed. Delinquency transition rates rose for all debt types excluding student loans. Read more here.

Credit Card Debt 40

Credit Card Debt Student loans Student Loans Banks 40

Troutman Sanders

DECEMBER 5, 2022

central bank digital currency (CBDC). On November 30, the Federal Trade Commission (FTC) announced that it has temporarily shut down a credit card debt relief program and its affiliated companies that allegedly took millions from consumers by falsely promising to eliminate or substantially reduce their credit card debt.

Financial services 52

Financial services Credit Card Debt Retail Banks 52

Credit Corp

JUNE 8, 2023

When you borrow money, whether through a revolving account, like credit cards , or an installment account, like an auto loan or student loan , the information is gathered by the credit bureaus. The data the bureaus keep in your credit files is the date used to calculate your credit scores.

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Lender Loans Creditors Credit Unions 98

Collection Industry News

NOVEMBER 13, 2023

trillion on their credit cards, according to a new report on household debt from the Federal Reserve Bank of New York. Credit card balances spiked by $154 billion year over year, notching the largest increase since 1999, the New York Fed found. Americans now owe $1.08

Credit Card Debt 40

Credit Card Debt Student loans Student Loans Consumer Credit 40

Titan Consulting

JULY 22, 2020

Interest rates have dropped to historic lows, making now a great time to refinance or take out a Home Equity Line of Credit (HELOC). Lower interest rates mean saving on variable rate loans like credit card balances and HELOCS. Unfortunately, banks are taking steps to block your access to cash when you need it the most.

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Foreclosure Bankruptcy Loans Banks 75

Hudson Weir

FEBRUARY 12, 2021

Dealing with the deceased person’s debts is the responsibility of the personal representative – the person who has been appointed to administer the estate. They must then calculate the total value of the debts the deceased person owed, such as outstanding mortgages, utility bills, credit card debts, council tax and funeral costs.

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Secured Creditor Unsecured Creditor Bankruptcy Creditors 52

Debt Free Colorado

FEBRUARY 21, 2022

Debt Relief Attorney Serving Colorado. Bankruptcy may appear to be a scary process, but it does not have to be. Dray Legal Office’s attorneys will endeavor to help you obtain a fresh start by eliminating debt and reorganizing your finances. Dray Legal Office can assist you if you are looking for debt relief.

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Debt Guru

AUGUST 30, 2021

Now, let’s talk about which debt relief programs will work best to help you out of your situation. Bankruptcy. You’ve probably heard of people filing for bankruptcy but may not understand how it works for individuals who are in debt over their heads. Chapter 7 bankruptcy comes with some serious downsides.

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Chapter 7 bankruptcy Credit Counselor Debt settlement Chapter 13 bankruptcy 52

Better Credit Blog

JANUARY 20, 2022

This is why many people engage the services of a debt relief agency. TransUnion calculates that paying off $5,000 of credit card debt at the minimum rate costs $10,000 in interest. The fees you can expect to pay for Freedom Debt Relief’s services range from 15–25%. National Debt Relief vs. Freedom Debt Relief.

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Creditors Credit Card Debt Unsecured Debt Debt settlement 76

Collection Industry News

JANUARY 25, 2023

Interest Rates on Mortgages, Cars, and Credit Cards Will Keep Getting More Expensive in 2023 Borrowing money to buy a house or a car won’t get any cheaper this year, the nation’s central bank just confirmed. People might find themselves in more credit card debt. as well as globally.

Banks 40

Banks Credit Card Debt Creditworthiness Financial Institution 40

Titan Consulting

MAY 17, 2020

If you are trying to establish credit for the first time, or just rebuild your credit after a financial hardship, non-traditional data sources may be helpful in establishing or improving your credit score. Experian Boost : After signing up for an account, you register the bank account you use to pay your bills.

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Lender Debt Consolidation Creditworthiness Credit Card Debt 98

True Accord

JANUARY 10, 2024

The Consumer Financial Protection Bureau (CFPB) has had its hands full overseeing actors across sectors–from regional and large banks to auto and online lenders to mortgage and credit agencies–in an ongoing effort to protect consumers in an ever-growing landscape of financial product offerings. a year ago. in Q3 , down from 5.2%

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Student loans Student Loans Loans Banks 58