Credit Corp

DECEMBER 4, 2024

Debt consolidation may temporarily lower your credit score due to hard inquiries and changes in credit utilization, but consistent, on-time payments can help improve it over time. Carrying debt, whether its through personal loans, credit cards, mortgages, or student loans, is common in America.

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Titan Consulting

SEPTEMBER 8, 2020

Making just the minimum payment required each month on credit card debt will maximize the amount of interest you pay to creditors. Continuing to pay just the minimum payments on your credit card debt robs you capital you could use to fund your retirement or pay for your children’s education. Key Takeaways.

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Credit Corp

MARCH 16, 2021

Is your credit card debt behaving like an unruly boy and has gone completely out of your control? Are you spending sleepless nights wondering how to get yourself out of a debt spiral? Or perhaps it’s a burgeoning credit card debt? How to Control Your Debt Yourself. Look Where You Are.

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Collection Industry News

FEBRUARY 21, 2022

If you’re just making the minimum payments on your credit cards, it may be worthwhile to consider one of these debt repayment strategies. Americans are racking up credit card debt at a record-setting pace, according to the Federal Reserve Bank of New York. Outstanding credit card debt is still about 7.7%

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Titan Consulting

AUGUST 23, 2020

Bankruptcy will destroy your credit and remain on your credit report for up to 10 years. You must qualify to file for bankruptcy, and your income must meet an income means test. The Bankruptcy Option. Filing personal bankruptcy typically involves either a Chapter 7 or Chapter 13. Key Takeaways.

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Debt Free Colorado

DECEMBER 9, 2021

Are you considering bankruptcy? Bankruptcy is a challenging, life-altering experience. . If you are considering consulting with an attorney about your debt-relief options, it is essential to remember that each type of bankruptcy comes with its advantages and disadvantages. . Advantages of Chapter 7 Bankruptcy.

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Titan Consulting

SEPTEMBER 29, 2020

Credit card debt features low monthly payments, but double-digit interest which compounds daily, causing balances to grow fast and making it hard to eliminate the debt. Paying off credit cards will save you money on daily compounding interest payments. Paying Credit Card Debt in Retirement.

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Credit Corp

MAY 3, 2023

If you decide to file for bankruptcy, you must next decide which type of bankruptcy is right for you. Bankruptcy can be complex, and even a small mistake in how you file can substantially change the outcome of your case. In This Piece Understand the Types of Bankruptcy How Do You Know Which Bankruptcy Type is Right for You?

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Better Credit Blog

JANUARY 11, 2022

If you find yourself saddled with more debt than you can reasonably pay off in a timely manner, you can always file for bankruptcy. But sometimes bankruptcy is the best way to get a new start so you can then stay on top of your finances, and with hard work, you can begin to turn your financial life around. About Bankruptcy.

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Credit Corp

MARCH 4, 2021

Since the COVID-19 pandemic, a sharp spike in unemployment levels has prompted talk of an emerging debt crisis in the US. As Coronavirus began to take hold, household debt in the US peaked at over $14 trillion, mostly consisting of mortgages and student loans, alongside credit card debts. Image: GPF ).

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Sawin & Shea

AUGUST 9, 2023

Credit card debt is a huge reason people end up filing for bankruptcy. The incredibly high interest rates alone plus the ease of procuring cards contribute to what can be a vicious cycle of maxing out limits, paying only minimums, and applying for more cards. Can I Declare Bankruptcy for Credit Card Debt?

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Better Credit Blog

APRIL 11, 2022

Although accruing lots of debt isn’t ideal, it may sometimes be unavoidable, such as mortgage payments or student loans. In these situations, debt is considered positive mainly because your financial objective has value and long-term benefits. This event will be noted on your credit report and may remain there for up to seven years.

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Roths Child Law

SEPTEMBER 13, 2020

You may find yourself in a position where you can no longer manage your credit card debt. Your options There are several ways you can deal with your credit card debt that may make it easier for you to manage payments and catch up. A new payment strategy may be helpful, but it will require discipline.

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Titan Consulting

SEPTEMBER 22, 2020

All types of debt relief programs come with negative consequences, including non-profit credit counseling and bankruptcy, and will directly or indirectly negatively impact your credit score. Options for Consumers Seeking Debt Relief. Credit counseling requires the repayment of the debt in full.

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Collection Industry News

APRIL 13, 2024

But now finances have been stretched thin by rising costs of essentials like food, housing and energy, so many people have had no choice but to turn to borrowing products, like credit cards, to help cover their costs. In turn, getting out of high-interest credit card debt needs to be a top priority for most people.

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Debt Free Colorado

FEBRUARY 17, 2023

Filing Bankruptcy for A Fresh Start in Colorado Whether you’ve lost your job or experienced insurmountable medical expenses on your credit card, or incessant calls from your creditors, you can get a fresh start by declaring bankruptcy. A bankruptcy discharge is a moment when you are no longer liable for any debt.

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Titan Consulting

JUNE 21, 2020

Titan Consulting Group helps consumers evaluate various debt relief options and choose the right program that best fits their short-term and long-term financial goals. We work with consumers seeking debt consolidation loans, or who may be considering options like debt negotiation or bankruptcy.

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Sawin & Shea

FEBRUARY 28, 2024

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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Sawin & Shea

MAY 2, 2024

If you’re struggling with overwhelming debt, you may be wondering if bankruptcy is the right solution for your financial situation. One of the most common questions people have is “How Much Debt is Needed to File for Bankruptcy?”

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Collection Industry News

JUNE 13, 2024

Credit card debt hit a record high of $930 billion for Americans in the final quarter of 2019, according to the latest data from the Federal Reserve Bank of New York released on Feb. That’s a $46 billion increase in credit card balances from the prior quarter and up an alarming $57 billion over the same period in 2018.

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Credit Corp

FEBRUARY 20, 2025

Have you ever felt in over your head with debt? According to a 2024 study, the average level of personal debt, not including mortgages, is over $22,000. Maybe youve been hit with unexpected medical bills or accrued credit card debt over time. What Is Debt Settlement?

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Credit Corp

MAY 4, 2021

For instance, work on getting rid of your high-interest credit card debt before moving on to your federal student loans. Calculate Your Credit Card Payoff. Becoming debt-free is a big goal that will likely take a long time to accomplish. “We Apply for a 0% Balance Transfer Card. Set Micro-Goals.

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Credit Corp

JANUARY 8, 2025

In addition to learning how paying your balance affects your credit score, youll also learn the best ways to pay down your credit card debt. Once you have a better understanding of how credit scores are calculated, you can then use strategies to build credit with your credit card.

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Credit Corp

JULY 20, 2020

A charged off debt can lead to harassing phone calls, garnished wages, and a major drop in your credit score. Credit card debt was more likely to be charged off than other forms of debt. But what is a charge-off, and how much does it impact your credit if your balance is charged off as bad debt?

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Titan Consulting

MAY 17, 2020

Titan Consulting Group helps consumers evaluate various debt relief options and choose the right program that best fits their short-term and long-term financial goals. We work with consumers seeking debt consolidation loans, or who may be considering options like debt negotiation or bankruptcy.

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Titan Consulting

MAY 24, 2020

Titan Consulting Group helps consumers evaluate various debt relief options and choose the right program that best fits their short-term and long-term financial goals. We work with consumers seeking debt consolidation loans, or who may be considering options like debt negotiation or bankruptcy.

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Lender Debt Consolidation Credit Card Debt Loans 98

Credit Corp

FEBRUARY 13, 2025

Check out these 17 questions before you sign up for any debt settlement service. In This Piece What Is Debt Settlement? 17 Questions to Ask a Debt Consolidation Company Debt Consolidation FAQ Research Your Debt Resolution Options What Is Debt Settlement? What Is the Risk of Debt Consolidation?

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Titan Consulting

JULY 22, 2020

While business bankruptcies make the news, experts expect personal bankruptcies to follow. Before you consider filing for bankruptcy, investigate debt negotiation options for unsecured debts like credit cards, which may offer the relief you need without the negative impact of bankruptcy.

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Better Credit Blog

JANUARY 20, 2022

This is why many people engage the services of a debt relief agency. TransUnion calculates that paying off $5,000 of credit card debt at the minimum rate costs $10,000 in interest. The fees you can expect to pay for Freedom Debt Relief’s services range from 15–25%. National Debt Relief vs. Freedom Debt Relief.

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Creditors Credit Card Debt Unsecured Debt Debt settlement 76

Credit Corp

JULY 9, 2021

The average American home owes around $6,270 in credit card debt. You may also be relieved to hear that you’re not out of options if you have past due debt. Fortunately, there are a few alternatives to credit card and other debt settlement. Although some may be considered as a last resort.

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Collection Industry News

JANUARY 13, 2024

household debt grew by $800 million from 2022 to 2023, including a 16.6% growth in credit card debt. While the new year marks a time for new beginnings and a fresh start, millions of Americans entered 2024 with more debt and less to put in their checking and savings accounts. At the start of the year, U.S.

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Collection Industry News

JUNE 17, 2024

Our experts used debt statistics from the NYFRB broken down by debt category and down to the state level to get a detailed picture of what kinds of debt Americans are holding and where they are holding it. Household Debt Is at an All-Time High Household debt across all categories grew by 4.8% over the same period.

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Debt Recoveries

OCTOBER 24, 2021

Talk to your Debt Collector. Don’t be afraid of approaching your creditors and debt collectors and talking to them. They can help you avoid a much worse scenario, such as bankruptcy or even court action, simply by picking up the phone and talking to them. Most debt collectors are there to work with you, not against you.

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Sawin & Shea

MAY 29, 2024

Here are a few strategies that will minimize your risk of damaging personal finance ramifications from future rate hikes: Manage credit card debt: Prioritize paying down debt aggressively or explore options like balance transfers or debt consolidation to mitigate increased interest costs before rates rise.

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Debt Consolidation Student loans Student Loans Loans 52

Titan Consulting

JUNE 7, 2020

Titan Consulting Group helps consumers evaluate various debt relief options and choose the right program that best fits their short-term and long-term financial goals. We work with consumers seeking debt consolidation loans, or who may be considering options like debt negotiation or bankruptcy.

Student loans 64

Student loans Student Loans Loans Accrued Interest 64

Titan Consulting

AUGUST 2, 2020

Titan Consulting Group helps consumers evaluate various debt relief options and choose the right program that best fits their short-term and long-term financial goals. We work with consumers seeking debt consolidation loans, or who may be considering options like debt negotiation or bankruptcy.

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Titan Consulting

AUGUST 30, 2020

Titan Consulting Group helps consumers evaluate various debt relief options and choose the right program that best fits their short-term and long-term financial goals. We work with consumers seeking debt consolidation loans, or who may be considering options like debt negotiation or bankruptcy.

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