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What Is a Personal Loan?

Better Credit Blog

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. Unsecured loans warrant a much closer look at your credit report and income, though. Consolidating Debt.

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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. Do Creditors Prefer Chapter 13 Bankruptcy?

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The Best Loans for People with Bad Credit

Better Credit Blog

Other factors to consider include: Fees – In order to cover the cost of processing a loan, some lenders will charge what is called an Origination Fee, usually as a percentage of the amount owed. Accepted collateral includes cars, trucks, motorcycles, boats, and RVs. Compare quotes from different lenders easily.

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The Best Loans for People with Bad Credit

Better Credit Blog

Other factors to consider include: Fees – In order to cover the cost of processing a loan, some lenders will charge what is called an Origination Fee, usually as a percentage of the amount owed. Accepted collateral includes cars, trucks, motorcycles, boats, and RVs. Compare quotes from different lenders easily.

Loans 52
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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. According to Experian, “Personal loan rates, fees, and terms vary widely from lender to lender—and even from loan to loan and borrower to borrower. Many lenders set minimum and maximum amounts that you can receive.

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Consolidating Your Debt? Here’s What NOT to Do

Debt Guru

You pay off multiple types of loans and credit card balances with your new consolidation loan, and you’re left with a single monthly payment to the new lender. Debt consolidation can be a great tool to get out of debt faster – but only when it’s used correctly. Don’t overpay for convenience.

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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. How to get a debt consolidation loan?