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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.

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560 Credit Score

Better Credit Blog

Repossessions. Debt collections. 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. Personal Loan Options with a 560 Credit Score.

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Debt After Death: 9 Things You Need to Know

Credit Corp

If the estate cannot pay off the loan, the person who inherits the car can sell it to cover the debt. If you qualify for a car loan or you can pay their loan off in full, on the other hand, you can keep the vehicle. If no one is able to pay off the loan, the lender may repossess it. Credit Card Debt

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

Debt Free Colorado

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. A mortgage or car loan secures the lender’s interest in your house. medical debt .