Remove Banks Remove Collateral Remove Consolidate Debt Remove Credit Card Debt
article thumbnail

Consolidating Your Debt? Here’s What NOT to Do

Debt Guru

Every month, you face a mound of credit card and bank statements (or your inbox fills up with them, and you have to write a separate check (or perform an individual internet transfer) for each of them. All the while, you feel like you’re no closer to zeroing out your balance on any of those debts.

article thumbnail

What Is a Personal Loan?

Better Credit Blog

Personal loans are installment loans offered by a bank, credit union, or other financial institution to an individual borrower. The former uses collateral, commonly in the form of your vehicle title, to secure repayment of the loan. The far more appealing choice, the unsecured personal loan, does not require any collateral.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Does Chapter 13 Wipe All of Your Credit?

Sawin & Shea

While different from Chapter 11, Chapter 13 is similar in the sense that it involves reorganizing and consolidating debts. This filing method is referred to as “the wage earner’s plan” because filers repay some of their debt balances with their regular income.

article thumbnail

Need Money Now? Here are the Best Online Personal Loans

Better Credit Blog

With the help of a loan, you can settle bills, consolidate debt, and even cover any unforeseen expenses. Some finance home improvements, while others lend only to people who want to consolidate credit card debt. If your main goal is to consolidate debt, try the best debt consolidation loans.

article thumbnail

The Best Loans for People with Bad Credit

Better Credit Blog

Having a bad credit score can make it difficult to get a loan. “A bad credit score is somewhat of an indicator of your short, medium, and long-term ability to repay the loan, which is how banks make money.” Accepted collateral includes cars, trucks, motorcycles, boats, and RVs. Origination fee can go up to 6%.

Loans 52
article thumbnail

The Best Loans for People with Bad Credit

Better Credit Blog

Having a bad credit score can make it difficult to get a loan. “A bad credit score is somewhat of an indicator of your short, medium, and long-term ability to repay the loan, which is how banks make money.” Accepted collateral includes cars, trucks, motorcycles, boats, and RVs. Origination fee can go up to 6%.

Loans 52