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.

Personal loans 52

Personal loans Bankruptcy Chapter 13 bankruptcy Loans 52

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

APRIL 26, 2024

A 1099-c cancellation of debt form is issued when a lender forgives or cancels a debt. A property is foreclosed or repossessed. Is a 1099-C Form Good or Bad for Your Credit? So, while getting a 1099-C itself doesn’t change your credit at all, you’ve probably already experienced a negative hit to your score.

Repossession 59

Repossession Creditors Bankruptcy Foreclosure 59

Credit Corp

AUGUST 23, 2021

This code can mean two different things: You don’t have enough accounts for lenders or credit scoring models to effectively gauge your risk as a borrower. Even if you’ve paid your bills on time, if you only have one credit card that’s been open three months, that’s not enough information for many lenders.

Lender 104

Lender Loans Personal loans Trade 104

Better Credit Blog

AUGUST 21, 2020

A good credit score is essential if you’re looking to get approved for anything from a rewards credit card to a mortgage. But what score do lenders consider to be good? If you have a 560 credit score, your approval odds for loans are low, and your credit rating is pretty poor. Bankruptcy. Repossessions.

Credit Unions 52

Credit Unions Credit Unions Personal loans Loans 52