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Is It Better To Declare Bankruptcy or Debt Consolidation?

Sawin & Shea

When you are overwhelmed by debt, you may start to wonder if declaring bankruptcy or pursuing debt consolidation is the better option. Understanding the key aspects of each can help you determine what is better, bankruptcy or debt consolidation, for your situation.

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What is Debt Consolidation and How Does it Work?

Better Credit Blog

Debt consolidation is when you bundle several debts together into one larger sum and then make a single monthly repayment instead of multiple smaller ones. Consolidating debts with different interest rates and repayment schedules can make it easier to manage your finances. Debt Consolidation Guide.

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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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Managing Bankruptcy and Medical Debt Relief in Broomfield, CO

Debt Free Colorado

Learn to Eliminate Medical Debts Through Bankruptcy Bankruptcy and medical debt relief have become buzzwords for those with financial problems due to unexpected health issues. It’s important to understand that having medical debt does not reflect personal failure. Bankruptcy can discharge medical bills.

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The Best Loans for People with Bad Credit

Better Credit Blog

” Bad credit scores are typically the result of too many credit cards, account balances that are too high, late or missed payments, bankruptcies or simply not having any credit history. Accepted collateral includes cars, trucks, motorcycles, boats, and RVs. OneMain Financial – Best for Secured Loans.

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The Best Loans for People with Bad Credit

Better Credit Blog

” Bad credit scores are typically the result of too many credit cards, account balances that are too high, late or missed payments, bankruptcies or simply not having any credit history. Accepted collateral includes cars, trucks, motorcycles, boats, and RVs. OneMain Financial – Best for Secured Loans.

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