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Consumer Debt vs. Non Consumer Debt

Sawin & Shea

What is Consumer Debt? Consumer debt refers to an individual, family, or household’s debts incurred through personal spending and expenses. Are Student Loans Consumer or Non-Consumer Debts? You may have noticed that we didn’t list student loans in the consumer and non-consumer categories.

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Debt After Death: 9 Things You Need to Know

Credit Corp

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.

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National Financial Awareness Day: Why Financial Literacy is Beneficial For Everyone

True Accord

Whether it’s taking out a loan, buying a house, saving for retirement or purchasing goods on a credit card,, people are constantly being asked to make decisions that affect their personal finances. Debt levels are on the rise again: according to the?

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Paying Bills Later: Considering Financial Consequences of Delayed Payments Due to COVID-19

Titan Consulting

Suspending rent payments die to COVID-19 may put you at risk for foreclosure if you can’t make up your deferred payments all at once. Deferring your auto payments may put you at risk for repossession if your lender requires you to catchup and make all deferred payments at the end of the deferral period.

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Should You File for Bankruptcy if a Strong Economy is Just Around the Corner

Titan Consulting

Bankruptcy does not generally discharge debts associated with child support, alimony, tax obligations, or student loan debt. At your request, lenders must grant a forbearance for up to 180 days, renewable for up to a year with a hardship attestation. Strategies to Delay or Eliminate the Need to File Bankruptcy.

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Can You Get an Apartment with Bad Credit?

Credit Corp

To help you along, we’ll explain how credit impacts your application, explain steps you can take to compensate for low credit, and share tips on boosting your score. How Credit Impacts Getting Approved for an Apartment Many landlords and renters run a credit check as part of their rental application process.

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. In reviewing the market for potential consumer harm, the report presents the latest research on consumer card use, cost, and availability.