Better Credit Blog

APRIL 11, 2022

Some examples of debt are mortgages, credit card dues, and personal loans. Although accruing lots of debt isn’t ideal, it may sometimes be unavoidable, such as mortgage payments or student loans. In other cases, such as credit card debt, it’s seen as a hardship and can have a negative impact.

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Debt Consolidation Debt settlement Credit Card Debt Bankruptcy 74

Titan Consulting

JUNE 7, 2020

Congress recently passed legislation in the CARES act that provides direct and indirect benefits to Federal Student Loan borrowers. Benefits include a suspension of payments, no negative credit reporting, no collection activity, and no accrual if interest until September 30, 2020. Help Available for Borrowers with Student Loans.

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Student loans Student Loans Loans Accrued Interest 64

Better Credit Blog

AUGUST 3, 2021

Having a bad credit score can make it difficult to get a loan. “A bad credit score is somewhat of an indicator of your short, medium, and long-term ability to repay the loan, which is how banks make money.” The Most Important Factors For Loans For People With Bad Credit.

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Loans Lender Collateral Education 52

Better Credit Blog

AUGUST 3, 2021

Having a bad credit score can make it difficult to get a loan. “A bad credit score is somewhat of an indicator of your short, medium, and long-term ability to repay the loan, which is how banks make money.” The Most Important Factors For Loans For People With Bad Credit.

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Loans Lender Collateral Education 52

Titan Consulting

AUGUST 2, 2020

Home Equity Loans and Home Equity Lines of Credit (HELOCs) are convenient, cost-effective ways to access capital from your home’s value. Banks have raised minimum credit scores and income requirements while lowering the maximum loan-to-value available. Key Takeaways. How Equity Sharing Programs Work.

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Loans Debt Consolidation Lender Credit Card Debt 70

Better Credit Blog

JANUARY 11, 2022

is the spokesperson for Debt Consolidation Care and an attorney who helps his clients deal with bankruptcy, and he says sometimes it’s the best option people have at their disposal. “It may be the only resort to get rid of debts when you have insufficient income to repay them.” When Bankruptcy Makes Sense.

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Bankruptcy Chapter 13 bankruptcy Debt Consolidation Lawyers 63

Titan Consulting

AUGUST 23, 2020

If you do not qualify for a Chapter 7 bankruptcy to liquidate your debts, you may be required to pay back a significant portion of your debts under a Chapter 13 Bankruptcy, and still suffer the negative impact to your credit score. Filers can typically retain the home and vehicle as long as you make payments on the loan.

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Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Unsecured Debt 86

Titan Consulting

SEPTEMBER 22, 2020

To qualify for credit counseling, you must be able to repay the full balance owed plus some interest of the unsecured debt within 60 months. Additionally, consumers must complete an approved financial education and budgeting course to complete the program. Contact us today at (888) 488-4517 or Apply Online now.

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Debt settlement Bankruptcy Unsecured Debt Credit Card Debt 98

Titan Consulting

APRIL 26, 2020

Through the CARES Act, federally guaranteed mortgages , which cover two-thirds of home loans in the US, permit borrowers to delay payments, through a forbearance, for up to 12 months. These options could extend the loan term, or reduce the interest rate to lower the payment permanently. . However, aid is not automatic or uniform.

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Student loans Student Loans Lender Loans 52

Credit Corp

MAY 10, 2023

Below, we’ve investigated Americans’ average savings by age, income, and education level to give you a better understanding of how much money you might expect to have saved at each chapter of your life. Consolidate and pay down debt. How Much Does the Average American Have in Savings? Set aside money automatically.

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Education Debt Consolidation Credit Card Debt Collections 98

Better Credit Blog

JANUARY 20, 2022

This is why many people engage the services of a debt relief agency. TransUnion calculates that paying off $5,000 of credit card debt at the minimum rate costs $10,000 in interest. It was for a PMSI loan for an outdoor wood burning furnace. I came to learn that FDR mainly only works with credit cards.

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Creditors Credit Card Debt Unsecured Debt Debt settlement 76

Titan Consulting

MAY 24, 2020

Credit bureaus measure variables related to your debt like the total amount of your debt, if you make your debt payments on time, how long you have been paying on debt obligations and how much debt you are servicing relative to how much potential debt has been extended to you.

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Lender Debt Consolidation Credit Card Debt Loans 98

Titan Consulting

MAY 17, 2020

As lenders acknowledge the need for alternative credit data, companies are finding innovative ways to track non-traditional payments without requiring consumers to borrow money or use a credit card. We work with consumers seeking debt consolidation loans, or who may be considering options like debt negotiation or bankruptcy.

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Lender Debt Consolidation Creditworthiness Credit Card Debt 98

Titan Consulting

JULY 22, 2020

Lower interest rates mean saving on variable rate loans like credit card balances and HELOCS. In light of the pandemic, Banks are raising lending requirements, and in some cases, pausing applications for HELOCS and other credit lines. PRO: HELOCs are much more cost-effective loans than credit cards in comparison.

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Foreclosure Bankruptcy Loans Banks 75

Titan Consulting

AUGUST 9, 2020

The CARES Act also gives greater flexibility to employers who offer 401-K loans to their employees by doubling the maximum amount of the loans that can be made to 100$ of vested funds or $100,000 max. More Flexibility for Employers Offering Loans Against Retirement Accounts. Loans are only available on work sponsored accounts.

Loans 52

Loans Debt Consolidation Credit Card Debt Bankruptcy 52

Titan Consulting

MAY 3, 2020

Each company uses a proprietary algorithm to generate a consumer score based on five key factors : On-time payment of existing credit obligations. Amounts owed in relation to credit limits. Newly issued credit. Length of credit history. The mix of credit accounts (loans versus lines of credit).

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Credit Bureau Lender Retrieval Debt Consolidation 56

Titan Consulting

MAY 10, 2020

Other databases track rent payments, payday or short-term loans, and online personal loans. Combining these payment records with bank account data, asset ownership, and public records, the FICO XD produces a reliable credit score. Which Lenders Use the FICO XD. Final Thoughts. How will FICO XD help me?

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Retrieval Lender Debt Consolidation Loans 52

Credit Corp

JULY 9, 2021

As of the end of 2020, the level of American consumer debt hit $14.56 This incredibly high number is mostly composed of financial situations relating to peoples’ homes, vehicles, and loans taken out to pursue higher education. The average American home owes around $6,270 in credit card debt.

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Debt settlement Credit Card Debt Debt collector Lender 98

Titan Consulting

JULY 8, 2020

During the Great Recession consumers defaulted on loans in mass, bank stock prices crashed, and lenders foreclosed on 6.3 Even though 2020 is no 2009, in terms of the quality of loan portfolios and the strength of bank balance sheets, lenders quickly reverted to a defensive mode when the pandemic hit. million homes. Banks and Risk.

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Lender Banks Debt Consolidation Loans 52