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Bankruptcy will wipe out credit card debt, medical bills, and personal loans, but will not eliminate primary obligation debt; things like student loans, child and spousal support, and newer tax debt. Bankruptcy can also stop or delay a home or mortgage foreclosure, stop collection actions, stop garnishments and lawsuits.
If you do not qualify for a Chapter 7 bankruptcy to liquidate your debts, you may be required to pay back a significant portion of your debts under a Chapter 13 Bankruptcy, and still suffer the negative impact to your credit score. Protect secured debt (home and car) from default to avoid a repossession or foreclosure.
Meet with an attorney to discuss your financial circumstances and options including debtsettlement, repayment plans, Ch. Lawsuits, garnishments, foreclosures, and other collections stop at this time. Take your Debtor Education Course – Within 45 days of the 341 Meeting. Initial Consultation. 13 bankruptcy.
Offers educational tools to help improve your credit situation. Proceed with caution, though, “since these options use your home as collateral, you could face a foreclosure if you do not keep up with payments for any reason.” ” What Are Some Other Options To Debt Consolidation Loans? Lending Tree.
Offers educational tools to help improve your credit situation. Proceed with caution, though, “since these options use your home as collateral, you could face a foreclosure if you do not keep up with payments for any reason.” ” What Are Some Other Options To Debt Consolidation Loans? Lending Tree.
On May 31, the FTC took action against Financial Education Services and its owners, as well as a number of related companies, for scamming consumers out of more than $213 million. The CA EO is founded on two notable objectives: (1) federal and state regulatory harmony and (2) consumer education and scholastic exposure.
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. The guidance resulted from concerns that debt collectors would seize the funds. You may access this interactive tool at [link].
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