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What Happens After a Personal Loan Bankruptcy Discharge?

Sawin & Shea

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.

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What Is a Personal Loan?

Better Credit Blog

Each year, tens of millions of Americans facing similar situations turn to personal loans to help ease the financial burden. With low interest for borrowers with strong credit scores, fixed rates, and a variety of lending sources to choose from, it’s easy to see why personal loans are so enticing.

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Best Personal Loan Companies of 2022

Better Credit Blog

The best personal loans charge low fees and low fixed interest rates, have flexible loan amounts and terms, and have no prepayment penalties. A personal loan could let you access cash for any purpose. Since personal loans are unsecured, you’ll need an excellent credit score to get the best deal.

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Need Money Now? Here are the Best Online Personal Loans

Better Credit Blog

If you need money now, an online personal loan can be a fast and easy way to secure funds. Whether they’re for debt consolidation, a home improvement project, or other expenses, these loans often come with low-interest rates and flexible repayment options. The Most Important Factors for Finding the Best Online Loans.

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Tips for Improving Your Credit: The Types of Accounts in Your Credit Report

Credit Corp

These are not the same as a home equity line of credit , which is actually a revolving account. Personal Loans : Personal loans are generic installment loans that you can take out for many reasons. Depending on the reason, they often do not require collateral. Apply for a credit card.

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Startup Business Loans with No Revenue

Payment Savvy

Pros of Personal Term Loans Accessibility – They can be easier to obtain for startups with no revenue. No Collateral Required – Personal term loans are typically unsecured, meaning you don’t need to put up any assets as collateral.