Collections Secured debt Student Loans 
Sawin & Shea
MAY 5, 2021
It is difficult to know exactly how many because often people will use credit cards to pay off medical or other bills when they are struggling with debt, and so the reason on a survey may be “credit card debt” even though the situation began as medical debt. Ten facts About Chapter 13 Bankruptcy and Medical Bills: #1.
Sawin & Shea
OCTOBER 27, 2021
The INCAA survey also found that medical debts were most likely to be in collections. Out of the reported debt statistics, 35% of all debts in collections were medical, which surpassed other forms of debt. 25% of debts in collections were credit card related, and 20% were student loan debts.
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Sawin & Shea
JANUARY 25, 2022
However, which type of bankruptcy you file will also depend on what kind of debt you have. Secured and unsecured debt is handled differently in Chapter 7 vs. Chapter 13. What is Secured Debt? Secured debts are a type of debt backed by an asset that is used as collateral. What is Unsecured Debt?
UK debt collections
APRIL 28, 2021
There are a number of debt which are not covered by the scheme which include: Secured debts. Debts incurred after your breathing space started. Debts from fraud. Child maintenance debts or money owed under an order from family court proceedings. Debts from a confiscation order. Student loans.
Collection Industry News
DECEMBER 21, 2020
Three Types of Chapter 10 Plans: “Residence” and “Property” Plans for Repayment of Secured Debts and General Repayment Plans for Unsecured Debts. Residence and property plans under the CBRA allow consumers to change loan interest rates, adjust amortization schedules, and cure defaults.
Collection Industry News
MAY 24, 2021
Although credit card debt has seen a decline throughout the pandemic, many cardholders are still carrying an outstanding balance. As of March, Americans collectively owed $807 billion across almost 506 million card accounts, according to analysis from LendingTree’s ValuePenguin. Who’s dealing with the heaviest load?
Sawin & Shea
OCTOBER 27, 2021
The INCAA survey also found that medical debts were most likely to be in collections. Out of the reported debt statistics, 35% of all debts in collections were medical, which surpassed other forms of debt. 25% of debts in collections were credit card related, and 20% were student loan debts.
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