Remove Foreclosure Remove Lender Remove Personal loans Remove Repossession
article thumbnail

Can You Reaffirm a Debt in Chapter 13?

Sawin & Shea

All of the original terms of the loan are back in force, including the creditor’s right to repossess the collateral if you get behind on payments in the future. We can help people re-organize secured debt in various ways to help people stop repossessions or foreclosure and get back on track with payments to keep those items.

article thumbnail

Cosigner Responsibilities: When Is a Cosigner Liable for a Debt?

Sawin & Shea

Obtaining Personal Loans with a Cosigner Having a co-signer on a personal loan or credit card means that you associate another individual with your debt. It’s often necessary for risky or low-credit borrowers to have a co-signer in order to secure a loan or another form of debt.

Insiders

Sign Up for our Newsletter

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

article thumbnail

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

Debt Free Colorado

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. The lender protects the borrower against foreclosure.

article thumbnail

Secured vs Unsecured Debt: Everything You Need to Know

Sawin & Shea

Unsecured debt would include things like: Medical bills Credit card bills Utility bills Back rent Personal loans At the end of the bankruptcy process, the remaining balances for these types of unsecured debts will likely be forgiven. A Chapter 13 plan can cure arrearages on houses or cars, stopping foreclosures and repossessions.

article thumbnail

10 Reasons You Were Rejected for Credit

Credit Corp

It’s a common scenario: You apply for a personal loan or credit card and get denied. The reason seems shrouded in mystery, and you receive a letter with language such as “lack of recent installment loan information” or “proportion of balances to credit limits.”

Lender 104
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. Foreclosures. The issues above can hinder your access to both revolving lines of credit and installment loans. Traditional home loan 620-640?

article thumbnail

How to Remove FNB Omaha From My Credit Report

Better Credit Blog

Short for the First National Bank of Omaha, FNB National is a popular bank for several personal and professional financial services and products, including: Banking. Home loans. Auto loans. Personal loans. Student loan refinancing. Foreclosures. Repossessions. Investment accounts. Credit cards.

Banks 52