Debt Guru

JULY 19, 2020

The difference is that unsecured debts are not backed by collateral. You might be tempted to use your substantial home equity to consolidate debt. Because your home’s equity is backing the loan, you could face foreclosure if something catastrophic prevents you from affording the payments in the future.

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Debt Consolidation Unsecured Debt Collateral Personal loans 104

Titan Consulting

SEPTEMBER 2, 2020

Debt consolidation might include a debt management repayment plan, credit card balance transfer, personal loan, or equity line of credit. The main strategy in any debt consolidation strategy involves replacing one debt with another debt, usually with a lower interest rate or monthly payment.

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Debt Consolidation Unsecured Debt Consolidate Debt Personal loans 60

Credit Corp

JULY 26, 2021

If beneficiaries can’t or won’t assume the loan, they can sell the property to settle the debt instead. If your loved one doesn’t have any beneficiaries listed on their will when they die, their mortgaged property may go into foreclosure. At that point, their bank will sell the property to recover the mortgage debt.

Student loans 98

Student loans Student Loans Credit Card Debt Loans 98

Credit Corp

MAY 19, 2025

Debt consolidation is a financial strategy that involves combining multiple existing debts to pay them off more efficiently. The goal of debt consolidation is to simplify payment, make debts more manageable, and possibly lower interest rates. Typically, these loans have fixed interest rates.

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