Remove Debt Consolidation Remove Foreclosure Remove Personal loans Remove Repossession
article thumbnail

560 Credit Score

Better Credit Blog

Repossessions. Debt collections. Foreclosures. The issues above can hinder your access to both revolving lines of credit and installment loans. With a 560 credit score, you’ll have very limited loan options and will have a hard time getting approved for unsecured credit cards. Bankruptcy.

article thumbnail

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.

article thumbnail

Bankruptcy Chapter 7 vs 13: Which Is The Best Option?

Debt Free Colorado

The means test decides who can seek debt relief. Short foreclosure protection – When your home is faced with foreclosure, the automatic stay is not in effect indefinitely. Co-signing a loan carries a risk – Anyone who co-signs a loan may be obligated to repay the debt on your behalf. medical debt .