Better Credit Blog

APRIL 11, 2022

Since more Americans are under pressure to resolve their debt, we’ve outlined several strategies that reduce or eliminate this financial liability. What is Debt? Debt is the amount of money you owe to a lender or creditor. Some examples of debt are mortgages, credit card dues, and personal loans.

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Debt Consolidation Debt settlement Credit Card Debt Bankruptcy 74

Sawin & Shea

AUGUST 9, 2023

Credit card debt is a huge reason people end up filing for bankruptcy. Many cardholders unable to pay their debt wind up filing for bankruptcy which may be a good answer to big financial problems. Many cardholders unable to pay their debt wind up filing for bankruptcy which may be a good answer to big financial problems.

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Bankruptcy Credit Card Debt Collateral Lawyers 52

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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Personal loans Bankruptcy Chapter 13 bankruptcy Loans 52

Titan Consulting

MAY 24, 2020

Some credit bureaus are now incorporating alternative credit data like rent and utilities payments so that consumers with a very limited history of managing debt can qualify to take on more debt. Credit card companies market credit scores as a badge of honor, giving you the power to negotiate better rates and terms from lenders.

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Lender Debt Consolidation Credit Card Debt Loans 98

Titan Consulting

MAY 17, 2020

As lenders acknowledge the need for alternative credit data, companies are finding innovative ways to track non-traditional payments without requiring consumers to borrow money or use a credit card. What lenders use alternative credit data to grant credit? Can alternative credit data be used to improve my credit score?

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Lender Debt Consolidation Creditworthiness Credit Card Debt 98

Titan Consulting

JULY 8, 2020

During the Great Recession consumers defaulted on loans in mass, bank stock prices crashed, and lenders foreclosed on 6.3 Even though 2020 is no 2009, in terms of the quality of loan portfolios and the strength of bank balance sheets, lenders quickly reverted to a defensive mode when the pandemic hit. million homes.

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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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Bankruptcy Chapter 7 bankruptcy Chapter 13 bankruptcy Unsecured Debt 52

Collection Industry News

FEBRUARY 21, 2022

If you’re struggling to repay high-interest credit card debt, keep reading to learn about three strategies that could help you get out of debt fast. You can also compare a variety of financial products, from balance transfer cards to debt consolidation loans , on Credible’s online marketplace. Debt consolidation loans.

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Credit Card Debt Credit Counselor Debt Consolidation Personal loans 52

Credit Corp

JULY 9, 2024

Once you default on your loan, lenders can take steps to recover these funds. It’s essential to understand what could happen if your student loan debt goes into default. Go to Court While the government doesn’t have to take you to court to collect federal student loan payments, private lenders do.

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Student loans Student Loans Loans Accrued Interest 52

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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Credit Corp

FEBRUARY 9, 2024

As long as you stick to the minimum payments needed on all of your other credit accounts while you work to pay down your debt, this method has little immediate impact on your credit report and a reliably positive one in the long term. You’ll need to consider these factors when determining whether a debt consolidation loan is right for you.

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Credit Corp

MAY 4, 2021

“Doing this will ultimately pay your debt down quicker and save you money in interest,” Phelps said. Another mental roadblock to paying off debt is having to take money out of your bank account and send it off to your lenders. Consider Bankruptcy as a Last Resort. The thought of filing for bankruptcy might seem scary.

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Credit Card Debt Bankruptcy Lender Student Loans 75

Credit Corp

MAY 1, 2024

If you have credit card debt and you’ve been struggling to repay your creditors, don’t panic—you may qualify for some type of credit card debt forgiveness. What Is Debt Forgiveness? Debt forgiveness is when a lender reduces or eliminates the amount you owe. Filing for bankruptcy has several pros and cons.

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Credit Card Debt Chapter 7 bankruptcy Bankruptcy Creditors 59

Titan Consulting

AUGUST 2, 2020

Lenders are increasing the requirements for borrowers to qualify due to the COVID-19 pandemic. New programs designed by Fin-Tech lenders offer the ability to sell a share or a portion of equity in your home in return for cash. The equity funding company shares in both the gain or loss of the equity in your home over the ten year term.

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Loans Lender Debt Consolidation Credit Card Debt 70

Credit Corp

JULY 9, 2021

Essentially, debt settlement means making a deal with the organization or individual you owe money to. These deals typically consist of some type of agreement in which you’ll pay a lump sum by a certain date in exchange for your lender to reduce the amount of what you have to give them. Although some may be considered as a last resort.

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Debt settlement Credit Card Debt Debt collector Lender 76

Titan Consulting

MAY 3, 2020

All three for-profit credit reporting agencies, Experian, Equifax and Transunion compile and report consumer credit and debt payment activity and sell this consumer information to lenders seeking to grant credit. To make things even more complicated, the free score you receive is not the same one your lender buys.

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Titan Consulting

AUGUST 30, 2020

Lenders use five key factors to determine how much equity they will approve. The CARES Act requires lenders of federally backed loans to grant a forbearance of up to 12 months without paperwork. We work with consumers seeking debt consolidation loans, or who may be considering options like debt negotiation or bankruptcy.

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Loans Debt Consolidation Collateral Credit Card Debt 64

Titan Consulting

AUGUST 17, 2020

You skipped a payment without first contacting your lender. Due to the coronavirus, most lenders are offering payment relief through a forbearance for one or more months. Due to the coronavirus, most lenders are offering payment relief through a forbearance for one or more months.

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Lender Debt Consolidation Loans Creditors 60

Better Credit Blog

AUGUST 21, 2020

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. Your mortgage approval odds with a 620 truly depend on what lender you apply with. VA loan No minimum set by VA; some lenders require a score of 580 or 620. downpayment.

Personal loans 59

Personal loans Loans Lender Debt Consolidation 59

Sawin & Shea

MAY 29, 2024

Loan approvals: Higher rates can make lenders more cautious, leading to increased loan denials, especially for those with lower credit scores. Explore debt management solutions: Review existing debt obligations, such as personal loans or lines of credit, and assess the impact of rising interest rates on repayment terms.

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Debt Consolidation Student loans Student Loans Loans 52

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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Debt Consolidation Debt collector Student loans Student Loans 52

Titan Consulting

MAY 10, 2020

In the last 30 years, the Fair Isaac and Company, better known as FICO, changed the way the lenders evaluate consumer applications. Which Lenders Use the FICO XD. Any lender can choose to supplement credit evaluations with FICO XD scores, but not all lenders accept the new credit parameters.

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Retrieval Lender Debt Consolidation Loans 52

Titan Consulting

JUNE 7, 2020

Private loans, Perkins Loans, and FFEL loans held by commercial lenders were not included in the CARES Act. 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. Who Qualifies for the CARES Act Student Loan Benefits?

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Student loans Student Loans Loans Accrued Interest 64

Better Credit Blog

AUGUST 21, 2020

But what score do lenders consider to be good? Bankruptcy. Debt collections. VA loan No minimum from VA; lenders may require a 580 or 620. USDA loan No minimum from USDA; lenders will likely require a 640. Cars are riskier to finance for lenders. Repossessions. Foreclosures. Traditional home loan 620-640?

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Credit Unions Credit Unions Personal loans Loans 52

Better Credit Blog

AUGUST 3, 2021

” Bad credit scores are typically the result of too many credit cards, account balances that are too high, late or missed payments, bankruptcies or simply not having any credit history. LendingTree is an online marketplace that connects borrowers with different lenders across the country. Offered quotes aren’t guaranteed.

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Loans Lender Collateral Education 52

Better Credit Blog

AUGUST 3, 2021

” Bad credit scores are typically the result of too many credit cards, account balances that are too high, late or missed payments, bankruptcies or simply not having any credit history. LendingTree is an online marketplace that connects borrowers with different lenders across the country. Offered quotes aren’t guaranteed.

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Loans Lender Collateral Education 52

Better Credit Blog

JANUARY 20, 2022

This is always a good first step before turning to a debt relief company. Debt consolidation programs. This is an option for people who have several debts with different creditors. A consolidation program puts together everything you owe into one account and gives you a single monthly amount for repayment.

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Creditors Credit Card Debt Unsecured Debt Debt settlement 76

Collection Industry News

APRIL 13, 2024

These plans typically run for three to five years, allowing you to pay off your debt completely during that timeframe. Pay it off with a debt consolidation loan A debt consolidation loan from a bank, credit union or online lender may also be worth considering.

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Credit Card Debt Debt settlement Debt Consolidation Personal loans 40

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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Bankruptcy Chapter 13 bankruptcy Debt Consolidation Lawyers 63

Credit Corp

MARCH 9, 2021

take—your tax refund, lenders have to go through the Treasury Offset Program (TOP). Before making a decision, TOP reviews the lender’s request to determine if it’s legitimate. If you do appear to owe the lender money, TOP diverts all or part of your refund to cover the debt. To garnish—i.e.,

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Student loans Student Loans Loans Garnishment 98

Titan Consulting

APRIL 26, 2020

Deferring your auto payments may put you at risk for repossession if your lender requires you to catchup and make all deferred payments at the end of the deferral period. It also prevents lenders from foreclosing on a property for 60 days. . Edmonds created a list of resources and programs offered by major auto lenders here. .

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Student Loans Student loans Lender Loans 52

Better Credit Blog

APRIL 6, 2022

Then, even if you can’t devote time every day to reaching out to credit bureaus and lenders, you can still track the trends in your score by monitoring your credit every few weeks. Typical problems arise from: Bankruptcies : Declaring bankruptcy can resolve short-term problems while also creating long-term credit issues.

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Debt settlement Creditors Credit Counselor Loans 105

Titan Consulting

SEPTEMBER 8, 2020

Here is a closer look at how credit card companies plan to enslave you with a debt burden for the rest of your life and what you can do today to break that cycle of perpetual debt. We work with consumers seeking debt consolidation loans, or who may be considering options like debt negotiation or bankruptcy.

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Credit Card Debt Debt Consolidation Student loans Student Loans 75