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Is Debt Settlement Legit?

Titan Consulting

Multiple state and federal agencies strictly regulate the debt settlement industry. 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. Options for Consumers Seeking Debt Relief.

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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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How to Ensure Financial Security in the Future–in 12 Steps

Credit Corp

Pay down debt. For most people, the way to do this is to get rid of unsecured debt that they carry month to month. Pay Student Loan Debt. Department of Education has extended loan payment forbearance, zero percent interest accrual, tax-free employer contribution benefits, and its pause on collections.

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Seven Ways to Get Out of Debt in 2022

Better Credit Blog

It may lead to bankruptcy. When there’s no other option to pay your debt, you may be forced to declare bankruptcy. Several negative implications are associated with bankruptcy, including property loss and damage to your credit score. DMPs are used to pay off unsecured debts, such as medical or utility bills.

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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? Bankruptcy.