Sawin & Shea

NOVEMBER 15, 2023

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. The two most common examples of secured debt are mortgages and auto loans.

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Unsecured Debt Chapter 7 bankruptcy Collateral Bankruptcy 52

Credit Corp

OCTOBER 25, 2023

Types of credit card consolidation include credit card consolidation loans, balance transfer credit cards, home equity loans, HELOCs, retirement loans, cash-out auto refinance, family loans, and debt management plans. Once the debt is consolidated into one loan or credit card, you can begin paying off this account.

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Credit Card Debt Debt Consolidation Credit Unions Credit Unions 52

Credit Corp

NOVEMBER 27, 2023

A financial hardship letter explains an unforeseen circumstance that has made you unable to make regular payments on a loan and requests a modification to help you get back on track. Include your contact information and loan number so they can identify your account. However, this does not influence our evaluations.

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Debt Consolidation Creditors Lender Loans 98

Sawin & Shea

MARCH 13, 2024

A reaffirmation agreement is a document that re-obligates a debtor to repay a particular debt, such as a car loan, mortgage, or other loan type. It basically serves as a legally binding promise that the person filing for bankruptcy will resume making payments in full and on time to the creditor.

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Chapter 7 bankruptcy Chapter 13 bankruptcy Bankruptcy Collateral 52

Collection Industry News

MARCH 15, 2021

It has taken actions to collect data on a number of new industries, including debt relief and earned wage access providers, and has filed a cease-and-desist order against a student loan debt relief company charging borrowers exorbitant fees for the false promise of getting their student debt wiped.

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Debt Free Colorado

OCTOBER 12, 2023

It is essential to disclose past financial transactions and history, including income, lawsuits, safe deposit boxes, foreclosures, and more. watercraft, aircraft, personal property (including furniture, electronics, clothing, etc.), Two of the most typical collateralized loans are mortgages and auto loans.

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Credit Corp

JANUARY 5, 2021

For example, if you borrowed $12,000 for a personal loan and only paid back $6,000, you still received the original $12,000. Not paying back the other half of the loan means you got the benefit of that money without paying for it. The IRS considers that to be income in many cases. Check Your Credit Score.

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Repossession Bankruptcy Foreclosure Creditors 105

Credit Corp

JULY 26, 2021

Joint mortgages pass directly to co-borrowers, who become responsible for the loan. the decedent—pass to listed beneficiaries, who then become responsible for the loan. If beneficiaries can’t or won’t assume the loan, they can sell the property to settle the debt instead. Car Loan Debt. Student Loan Debt.

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Student loans Student Loans Credit Card Debt Loans 98

Better Credit Blog

AUGUST 21, 2020

If you have a 560 credit score, your approval odds for loans are low, and your credit rating is pretty poor. Can You Get a Loan Approval with a 560 Credit Score? Foreclosures. The issues above can hinder your access to both revolving lines of credit and installment loans. Can You Get a Loan with a 560 Credit Score?

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Credit Unions Credit Unions Personal loans Loans 52

Better Credit Blog

AUGUST 21, 2020

Can You Get a Loan with a 620 Credit Score? Personal loan: Limited options. Auto loan: Limited options. Others are on the path to repairing their credit, as it takes time to recover from more severe credit occurrences like bankruptcy , foreclosures , or judgments. Can You Get a Loan with a 620 Credit Score?

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Personal loans Loans Lender Debt Consolidation 59

Credit Corp

MAY 10, 2023

Whether you’re applying for a loan or simply want to stay on top of your credit score, these tips will help you access your credit information without causing any harm. A hard inquiry is a credit check that occurs when a lender or creditor reviews your credit report as part of a credit application or loan.

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Creditworthiness Lender Financial Institution Loans 97

Sawin & Shea

AUGUST 24, 2020

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.

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Chapter 13 bankruptcy Bankruptcy Chapter 7 bankruptcy Debt collector 98

Credit Corp

MARCH 22, 2021

If you have opted for a secured loan like a mortgage or a car loan, then make sure you pay your dues on time. If your mortgage payments are in arrears , then your creditor can opt for a foreclosure, claiming the possession of your house and reselling it to make up for their loss. Make Payments on Time.

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Lender Loans Creditors Credit Card Debt 94

Sawin & Shea

AUGUST 2, 2023

Unsecured debt includes things like credit card debt, medical debt, and personal loans. Many people ask, when should you file for bankruptcy? Important Note: to qualify for Chapter 7 bankruptcy, you must pass an income based means test first.

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Bankruptcy Chapter 7 bankruptcy Chapter 13 bankruptcy Unsecured Debt 52

Credit Corp

MAY 3, 2023

Bankruptcy does have some benefits, such as potentially putting a stop to wage garnishments or foreclosures. Priority and secured debts, such as taxes or auto loans, are paid in full. In other cases, people have unplanned expenses such as medical bills that can put them over the edge financially. It’s a powerful protection.

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Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Creditors 97

FDCPA Defense

FEBRUARY 1, 2018

Determining the line between foreclosure activity and debt collection, however, can be elusive. 17- 278) was whether notices sent by a trustee as required to initiate a non-judicial foreclosure under California law violated the FDCPA. California law does not allow for a deficiency judgment following non-judicial foreclosure.

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Accrued Interest Foreclosure Debt collector Debtor 40

FDCPA Defense

FEBRUARY 3, 2019

1992) (emphasis added, citation and quotation marks omitted) (personal loan from friend used to start software business not a “debt” under the Act: “Neither the lender's motives nor the fashion in which the loan is memorialized are dispositive of this inquiry.”). Litton Loan Serv. Federal Home Loan Mortg.

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Foreclosure Debt collector Law Firms Debtor 40

Debt Free Colorado

DECEMBER 9, 2021

Unlike Chapter 7, Chapter 13 bankruptcy enables you to decrease the interest rate on your vehicle loan and, in certain situations, the total amount owed. Chapter 7 will not assist you if your primary source of debt is a mortgage, auto loan, or other kinds of debt. The lender protects the borrower against foreclosure.

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Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Unsecured Debt 75

Better Credit Blog

APRIL 11, 2022

If you see an old phone number, chances are it is still on file with the financial institution that issued the loan or credit card. The types of credit accounts you can expect to see in this section include: Mortgages , home equity loans, and home equity lines of credit. Student Loans. Auto Loans. Foreclosure.

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Creditors Loans Credit Bureau Lender 15

Better Credit Blog

NOVEMBER 17, 2020

It can show up on your report as a hard inquiry when you apply for a credit card or a loan from a popular bank. Along with providing savings and CD accounts, Barclays offers personal loans by invitation in partnership with other companies. Any time you apply for a credit card or a loan, you can expect a hard credit check.

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Personal loans Loans Banks Foreclosure 75

Debt Guru

JULY 19, 2020

It works by getting one new loan and using that to pay off multiple existing creditors. You pay off multiple types of loans and credit card balances with your new consolidation loan, and you’re left with a single monthly payment to the new lender. The good news is that this is usually a temporary dip.

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Debt Consolidation Unsecured Debt Collateral Personal loans 104

Titan Consulting

SEPTEMBER 2, 2020

Debt consolidation might include a debt management repayment plan, credit card balance transfer, personal loan, or equity line of credit. Personal Loan s are an option if you have excellent credit and high enough income to qualify for additional debt. Key Takeaways. Debt consolidation may not save you much money.

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Debt Consolidation Unsecured Debt Consolidate Debt Personal loans 60

Better Credit Blog

AUGUST 4, 2020

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. Investment accounts. Credit cards. Wealth advising.

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Banks Lender Loans Student loans 52

Better Credit Blog

JANUARY 5, 2021

Citi also offers personal loans, lines of credit, and mortgages, which can prompt a hard inquiry. If you go on Citibank’s website and compare quotes or get pre-approved for a loan or credit card offer, you don’t have to worry about a hard inquiry. Citicards come in several categories, including: 0% APR. Balance transfers.

Loans 52

Loans Banks Repossession Lender 52

Better Credit Blog

JANUARY 5, 2021

Citi also offers personal loans, lines of credit, and mortgages which can prompt a hard inquiry. If you go on Citibank’s website and compare quotes or get pre-approved for a loan or credit card offer, you don’t have to worry about a hard inquiry. Citicards come in several categories, including: 0% APR. Balance transfers.

Loans 52

Loans Banks Repossession Lender 52

Collection Industry News

SEPTEMBER 23, 2020

The increase in lawsuits filed against consumers for unpaid medical debt, credit card bills, automobile loans and other collection issues comes as no surprise to attorneys and others working in the industry. However, over the past several years, the civil courts in most states have been overrun by debt collection cases against consumers.

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