Sawin & Shea

DECEMBER 28, 2023

Filing for Chapter 13 bankruptcy can provide much-needed relief if you are overwhelmed with debt and struggling to keep up with payments. Under Chapter 13, you repay a portion or all of your debt, allowing you to keep assets like your home or car. Consolidating multiple debts into one payment is easier, too.

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Sawin & Shea

AUGUST 9, 2023

Credit card debt is a huge reason people end up filing for bankruptcy. Many cardholders unable to pay their debt wind up filing for bankruptcy which may be a good answer to big financial problems. Many cardholders unable to pay their debt wind up filing for bankruptcy which may be a good answer to big financial problems.

Bankruptcy 52

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Credit Corp

NOVEMBER 27, 2023

A financial hardship letter is a correspondence you send to a creditor that explains why your current financial situation prevents you from making debt payments. List Steps You’ve Taken to Alleviate Your Financial Burden Let the creditor know the actions you’ve already taken to help improve your financial situation and pay your debt.

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Credit Corp

JULY 7, 2021

Consolidate Your Credit Card Debt. Get out of debt faster and save money in interest with a debt consolidation loan. Consolidate and Save. Privacy Policy. In general, your new name is added to your credit reports after you notify your mortgage lender, credit card issuers and other businesses of the change.

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Better Credit Blog

MAY 20, 2022

The better your credit score and debt-to-income ratio are, the higher your chances of approval and access to the best interest rates are. A personal loan can be as small as a couple thousand dollars to help pay for a wedding to $100,000 for emergency medical expenses. Consolidating Debt. Medical Expenses.

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Personal loans Loans Lender Collateral 76

Sawin & Shea

FEBRUARY 28, 2024

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 are filing for Chapter 13, personal loans will be combined with any additional debt and used to calculate your monthly payments.

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Credit Corp

JULY 20, 2021

Debt is a double-edged sword. Is having the life you want and avoiding debt even possible? What level of debt can be manageable and even healthy? Read on for some tips on common types of debt, as well as strategies to avoid them and avoid debt altogether. Credit Card Debt. How to Avoid Credit Card Debt.

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Credit Corp

APRIL 26, 2021

The top reason Americans were borrowing in January 2021 was to get out of debt. Some 37.17% of people surveyed who reported ever taking out a personal loan said they used the funds for debt consolidation. Other popular uses involved starting a business at 27.41% and covering medical expenses at 26.36%.

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Burr Forman

SEPTEMBER 29, 2020

Joseph’s/Candler Health System is able to expand their services to a new medical campus in Bluffton, South Carolina. Michael principally represents issuers of debt and/or equity securities, including state and local governments (e.g. The new venture is predicted to add 16 new jobs within 24 months of the Bluffton Campus opening.

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Sawin & Shea

JANUARY 11, 2024

Staring down mountains of debt can feel overwhelming. Medical bills, credit cards, payday loans, and struggling businesses – it can seem like the letters and calls from creditors will never stop. Bankruptcy filings for both individuals and businesses are on the rise. There are some key differences between these two types of bankruptcy.

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Sawin & Shea

AUGUST 30, 2023

Bankruptcy is an opportunity for someone to forge their way through what seems like an impossible debt-ridden situation and come out the other side. It is a legal way of either consolidating or discharging allowable debts in order to get a fresh start. Which Debts Cannot be Discharged in Bankruptcy? What is Bankruptcy?

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Bankruptcy Chapter 13 bankruptcy Chapter 7 bankruptcy Unsecured Debt 52

Credit Corp

JUNE 12, 2023

A personal loan is money borrowed from a lender that can be used for almost any purpose, from debt consolidation to home improvement projects. If you’re planning on making a big purchase, getting a better handle on your debt, or have run into some unexpected expenses, applying for a personal loan can help cover the costs.

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Sawin & Shea

JANUARY 18, 2023

If you’re struggling with overwhelming debts, Chapter 7 bankruptcy could be your best option. Chapter 7 is the most common form of bankruptcy for individuals and families, and it allows you to discharge many of your unsecured debts within only a few months.

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Chapter 7 bankruptcy Bankruptcy Chapter 13 bankruptcy Unsecured Debt 81

Sawin & Shea

APRIL 17, 2024

Chapter 13 bankruptcy is an invaluable financial tool for those struggling with overwhelming debt, and it can pave the way for a fresh start. While Chapter 13 is effective for debt relief, many worry about how this filing method may negatively affect their credit scores. Instead, you pay a repayment plan over three to five years.

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Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Unsecured Debt 52

Sawin & Shea

MARCH 9, 2021

We’d also like to alert you to a smart way you can use your stimulus check to erase your debt. You’ll be happy to hear that the Consolidated Appropriation Act (CCA), which was passed in December of 2020, included protections for people who are in bankruptcy. Now your check is gone, but your debt remains.

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Credit Corp

FEBRUARY 28, 2021

At the same time, missed rent payments and increased debt-to-credit ratios have produced a credit-ratings crunch across the board. Debt collectors and your stimulus check : Most—but not all debts—won’t affect your stimulus check. Debt elimination strategies. Reduce your debt : Want to reduce your debt?

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Debt Guru

JANUARY 27, 2020

In fact, The Institute for College Access & Success reported that 65 percent of 2017 grads carry student debt – at an average of $29,200. It’s no wonder, then, that defaulting on student debt has become rampant. Consolidate your debt. Also, regulations prevent consolidating federal and private loans.

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Collection Industry News

NOVEMBER 13, 2023

trillion on their credit cards, according to a new report on household debt from the Federal Reserve Bank of New York. Credit card delinquency rates also rose across the board, according to the New York Fed, but especially among millennials, or borrowers between the ages of 30 and 39, who are burdened by high levels of student loan debt.

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Credit Card Debt Student loans Student Loans Consumer Credit 40

Debt Guru

JANUARY 27, 2021

A debt management plan (DMP) is an agreement between a debtor (that’s you, the person in debt) and a creditor (think: your bank or your credit card company) that tackles your outstanding debt. If you’re feeling buried under the weight of multiple debts, a DMP might be the solution to escape the crush.

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Collection Industry News

FEBRUARY 6, 2024

Unlike many Americans with crushing student loan debt, the 44-year-old father of three from Knoxville, Tennessee, thought his debt had been canceled. The federal government agreed that thousands had been swindled and promised to cancel the borrowers’ debt. Some of the borrowers still facing debt have put off buying homes.

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Student loans Student Loans Education Government 40

Sawin & Shea

JUNE 7, 2023

If you have a co-signer associated with your debt or if you are a co-signer, you need to be aware of how financial liability works and what happens when the primary debtor declares bankruptcy. Fortunately, in this blog, we’ll unpack cosigner responsibilities when it comes to bankruptcy and debt.

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Sawin & Shea

MARCH 13, 2024

A common question we receive regarding these forms is whether you can reaffirm a debt during the process. Fortunately, we’re here to answer frequently asked questions regarding reaffirmation agreements and reaffirmed debt. In this blog, you’ll learn about whether you can reaffirm your debt in Ch.

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Credit Corp

MAY 19, 2021

Overwhelmed with debt? Whether it’s unpaid credit card debt or medical bills, you might feel like you have nowhere to turn. If you’re seriously considering uprooting your life just to avoid debt, you probably have a few questions. And can debt collectors actually follow you to another country? Probably not.

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Debt Free Colorado

FEBRUARY 17, 2023

Filing Bankruptcy for A Fresh Start in Colorado Whether you’ve lost your job or experienced insurmountable medical expenses on your credit card, or incessant calls from your creditors, you can get a fresh start by declaring bankruptcy. A bankruptcy discharge is a moment when you are no longer liable for any debt.

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Credit Corp

MAY 3, 2023

What Happens After You File for Bankruptcy Options Other Than Bankruptcy Understand the Types of Bankruptcy Bankruptcy is a way to reorganize your debts or get your debts dismissed because you’re insolvent. Insolvent” is simply a financial state where you can’t pay your bills—usually because your debts outpace your income.

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Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Creditors 97

Sawin & Shea

JUNE 14, 2023

Filing for bankruptcy adds another layer of complexity, as the division of property and debts will need to be coordinated with the bankruptcy process. Declaring Bankruptcy Before a Divorce If you’re on good terms with your spouse and are struggling with unsecured debts, you may want to consider filing Chapter 7 bankruptcy before your divorce.

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Chapter 7 bankruptcy Bankruptcy Chapter 13 bankruptcy Unsecured Debt 52

Credit Corp

AUGUST 24, 2020

When you’re trying to conquer unpaid debts sent to collections, you’ll likely face some obstacles. Two of the most common are coming up with enough money to pay off the debt and negotiating a payment plan or settlement you can afford. Verify the Debt. Negotiate a Settlement or Create a Debt Payment Plan. Know Your Rights.

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Roths Child Law

SEPTEMBER 13, 2020

From groceries to emergency medical bills, most cardholders rely heavily on their cards. You may find yourself in a position where you can no longer manage your credit card debt. Your options There are several ways you can deal with your credit card debt that may make it easier for you to manage payments and catch up.

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Credit Card Debt Debt Consolidation Bankruptcy Debt collector 40

Credit Corp

JUNE 1, 2021

Depending on where you fall on the Millennial spectrum, you may be just starting in the professional world, starting a family, entering middle management, or even working your way out of debt. Include a line item in the budget for any credit card debt. Pay down debt. Pay Student Loan Debt. Account for a splurge.

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Student loans Student Loans Credit Card Debt Loans 97

Better Credit Blog

MAY 11, 2022

million people carry some form of student loan debt, with most averaging around $39,000 —although many of us have a lot more. By consolidating several loan firms under one application, Credible makes it easier for customers to avoid filling out the same paperwork multiple times. If you’re reading this, chances are that’s you.

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Credit Corp

JULY 15, 2021

That’s why consumers might use a personal line of credit for debt consolidation, medical bills, etc. And they can serve essentially the same purpose. But personal lines of credit often have a higher credit limit than credit cards. What to do With Your Existing Wells Fargo Balance. How will you pay it off?

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Troutman Sanders

FEBRUARY 21, 2024

The court’s orders bar the individuals and their companies from directly or indirectly engaging in telemarketing, debt relief services, and making any misrepresentations or unsubstantiated claims about any product or service. million in illegal upfront fees and used deceptive sales tactics to sign consumers up for debt relief services.

Financial services 52

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Titan Consulting

SEPTEMBER 15, 2020

Financial hardship could make it possible to negotiate debt balances and pay less than the full amount owed. Bankruptcy can wipe out unsecured bills, leaving creditors with no way to recover the debt. When Should You Consider a Debt Settlement Program ? The Consequences of Debt Settlement.

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PDC Flow

APRIL 18, 2023

Payment Workflows for Medical Billing Assistentcy LLC , an extended business office, works on behalf of hospitals and medical facilities reducing the strain of medical bill collection for clients. Payment Approval Workflows for Debt Collection The debt collection industry is highly regulated. Book a demo today.

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Medical Bills Collections Collections Banks Collection Agencies 59

PDC Flow

NOVEMBER 29, 2023

Different Industries Have Different Payment Processing Service Needs For high-risk industries like debt collection , your payment processor should offer tools that: speed up workflows. Book Demo ONE-STEP PROCESS Consolidate multi-step processes into one easy step for your staff and customers. Book a demo today.

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Debt Free Colorado

MARCH 3, 2023

Are there Available Alternatives If You Have a Lot of Debt and don’t Want to File for Bankruptcy? What Debts are Discharged in Bankruptcy? Through a legal process called bankruptcy, some people who are unable to pay their debts can start over financially, either temporarily or permanently. What Can’t Bankruptcy Do?

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Debt RR

JANUARY 24, 2020

It’s not uncommon for the general population to view debt as an unfavorable financial instrument, but entrepreneurs and finance directors know the value of leveraging capital. In fact, smart business owners know how to use debt as an actual tool to grow their business. Business Debt Factoring into After-Tax Cost of Debt.

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