Creditors Debt Consolidation Personal loans Unsecured Debt 
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’re considering filing for bankruptcy, you need to know what personal loans you can discharge and which filing method suits your financial situation.
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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Better Credit Blog
MAY 4, 2022
Debt consolidation is when you bundle several debts together into one larger sum and then make a single monthly repayment instead of multiple smaller ones. Consolidating debts with different interest rates and repayment schedules can make it easier to manage your finances. Debt Consolidation Guide.
Debt Guru
JULY 19, 2020
You can consolidate all different types of debt – and the result is a simplified repayment process that involves a single payment each month. It works by getting one new loan and using that to pay off multiple existing creditors. The difference is that unsecured debts are not backed by collateral.
Debt Free Colorado
DECEMBER 9, 2021
Consider your income, assets, creditors, expenditures, and your ability to pass the means test while selecting between Chapter 13 and Chapter 7. Creditors are prohibited from contacting you after your petition is filed. Chapter 7 is a disaster when it comes to secured debt. . The means test decides who can seek debt relief.
Credit Corp
MARCH 16, 2021
However, if you can’t control your debts even after following their instructions, then you can enroll in a debt management plan. In this plan, credit counseling agencies negotiate with your creditors for arranging a customized and budget-friendly repayment plan for you. Credit counselors are working in the debt industry.
Sawin & Shea
AUGUST 9, 2023
When you file for bankruptcy whether Chapter 7 or 13, you are required to list all debt, both secured and unsecured. You aren’t allowed to pick and choose which debt you want the bankruptcy to apply to. Creditors cannot reclaim any of your property if you default on a loan. What other debts do I owe?
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