Remove Collateral Remove Credit Unions Remove Financial Institution Remove Unsecured Debt
article thumbnail

What Happens After a Personal Loan Bankruptcy Discharge?

Sawin & Shea

Before choosing your first personal loan, you need to understand the difference between secured and unsecured loans. Unsecured loans don’t have collateral. If you fail to repay an unsecured personal loan, the lender cannot repossess your assets. Expect higher interest rates as many lenders view you as a risky borrower.

article thumbnail

An In-Depth Guide to Bank Account Garnishment in Texas and How to Avoid It

Debt RR

Common reasons for bank account garnishment in Texas include: Private creditors: These are banks, credit unions, credit card companies, peer-to-peer lenders, hard money loan providers, and other financial institutions. This debt can include anything from credit cards to past due balances on office space.