Titan Consulting

SEPTEMBER 15, 2020

Bankruptcy can wipe out unsecured bills, leaving creditors with no way to recover the debt. Personal loans, credit card debt, payday loans, or medical bills all fall into the category of unsecured personal debt. Key Takeaways. When Should You Consider a Debt Settlement Program ? Frequently Asked Questions.

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Better Credit Blog

APRIL 11, 2022

Some examples of debt are mortgages, credit card dues, and personal loans. Although accruing lots of debt isn’t ideal, it may sometimes be unavoidable, such as mortgage payments or student loans. It may lead to bankruptcy. When there’s no other option to pay your debt, you may be forced to declare bankruptcy.

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Credit Corp

JANUARY 8, 2025

Disadvantages: Theres often a fee for transferring your debt, and if you dont pay it off in the specified time, the interest rate may be higher than your original cards. Debt Consolidation A debt consolidation loan is similar to a balance transfer card, but its a personal loan. You may have a lower interest rate as well.

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Credit Corp

MARCH 9, 2021

And the amount you owe continues to accrue interest: In April 2020, Bill’s delinquent loan balance stood at $1,200. With interest and fees, his balance grew to $1,350 by January 2021. This hypothetical example illustrates how expensive delinquent student loans are, and how long the recovery process can drag on.

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