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Can I File Bankruptcy on Just My Credit Cards?

Sawin & Shea

Credit card debt is a huge reason people end up filing for bankruptcy. Many cardholders unable to pay their debt wind up filing for bankruptcy which may be a good answer to big financial problems. Many cardholders unable to pay their debt wind up filing for bankruptcy which may be a good answer to big financial problems.

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Should You File for Bankruptcy if a Strong Economy is Just Around the Corner

Titan Consulting

Bankruptcy will destroy your credit and remain on your credit report for up to 10 years. You must qualify to file for bankruptcy, and your income must meet an income means test. When government assistance is not providing enough income to cover job losses, should you file for bankruptcy or hold out for the economic recovery?

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Congress Passes Relief for Student Loan Borrowers in CARES Act

Titan Consulting

Private loans, Perkins Loans, and FFEL loans held by commercial lenders were not included in the CARES Act. The federal government is not making payments on student loan accounts, but rather suspending payments, which will extend the term of the loan. In total, the Act covers 88% of outstanding student loans.

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Bankruptcy Chapter 7 vs 13: Which Is The Best Option?

Debt Free Colorado

Are you considering bankruptcy? Bankruptcy is a challenging, life-altering experience. . If you are considering consulting with an attorney about your debt-relief options, it is essential to remember that each type of bankruptcy comes with its advantages and disadvantages. . Advantages of Chapter 7 Bankruptcy.

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5 Best Credit Repair Companies – Updated April 2022

Better Credit Blog

Then, even if you can’t devote time every day to reaching out to credit bureaus and lenders, you can still track the trends in your score by monitoring your credit every few weeks. Typical problems arise from: Bankruptcies : Declaring bankruptcy can resolve short-term problems while also creating long-term credit issues.

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How to get out of debt and stay out

Debt Recoveries

Talk to your Debt Collector. Don’t be afraid of approaching your creditors and debt collectors and talking to them. They can help you avoid a much worse scenario, such as bankruptcy or even court action, simply by picking up the phone and talking to them. Most debt collectors are there to work with you, not against you.

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Should Seniors Consider a Reverse Mortgage to Raise Cash During the Pandemic?

Titan Consulting

However, unlike a traditional mortgage, you do not make monthly payments, and the debt balance grows each year you remain in the home. The federal government insures most reverse mortgages through a Home Equity Conversion Mortgage or HECM. Lenders use five key factors to determine how much equity they will approve.

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