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Can’t secure a loan with collateral such as a car. Offers educational tools to help improve your credit situation. Proceed with caution, though, “since these options use your home as collateral, you could face a foreclosure if you do not keep up with payments for any reason.” Cons: Minimum credit score of 680.
Can’t secure a loan with collateral such as a car. Offers educational tools to help improve your credit situation. Proceed with caution, though, “since these options use your home as collateral, you could face a foreclosure if you do not keep up with payments for any reason.” Cons: Minimum credit score of 680.
Prohibit credit reporting agencies from including medical debt on credit reports sent to creditors if the creditor is prohibited from considering it. Bar lenders from using medical devices like wheelchairs and prosthetic limbs as collateral for loans or from repossessing them if someone can’t repay the loan.
Educate you on bankruptcy law and procedures. Give you an idea of what debts you can discharge. “If you can repay your debts in full but need professional guidance, you can enroll in a debt consolidation program,” Hoorfar. ” If you owe money to multiple creditors, a debt consolidation loan can help. .
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