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

What Happens After a Personal Loan Bankruptcy Discharge?

Sawin & Shea

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.

article thumbnail

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

Debt Free Colorado

The lender protects the borrower against foreclosure. Increased time to repay non-dischargeable debts. Occasionally, creditors may refuse to repossess little goods due to the expense of picking them up. Recognize the types of debts that are dischargeable under Chapter 13. Secured Debts Consolidated or Eliminated.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

560 Credit Score

Better Credit Blog

But what score do lenders consider to be good? If you have a 560 credit score, your approval odds for loans are low, and your credit rating is pretty poor. Repossessions. Debt collections. The issues above can hinder your access to both revolving lines of credit and installment loans. Traditional home loan 620-640?

article thumbnail

Debt After Death: 9 Things You Need to Know

Credit Corp

If no one is able to pay off the loan, the lender may repossess it. Credit Card Debt . Joint credit card debt passes straight to the other borrower. Credit cards with authorized users on them are different, however—unlike cosigners, authorized users aren’t responsible for debts. Student Loan Debt.