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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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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Credit Corp

MARCH 16, 2021

You have a habit of exhausting your credit limit quickly Whenever you are short of cash, you tend to take out a high-interest loan. You got married or had a sudden medical emergency for which your debt went out of your control. How to Control Your Debt Yourself. What kind of debts do you have? Opt for Debt Consolidation.

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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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Credit Corp

MARCH 4, 2021

Even if you have a little bit of debt, you need to find ways to manage it properly. Whether you’re paying off your tuition, loans, or credit card bills, this guide has been designed to help you better manage your outgoings and gain a better understanding of the options available. Consider Debt Consolidation. Image: GPF ).

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Better Credit Blog

APRIL 11, 2022

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. 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. The Snowball Method.

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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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Credit Corp

JULY 9, 2024

Ignoring student loans can damage your credit score, lead to wage garnishment, and accrue interest and fees. It may also result in legal action, tax refund offsets, and impact co-signers, making it crucial to address repayment issues promptly with your loan servicer. What Happens If I Don’t Pay My Student Loans?

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Debt Free Colorado

JANUARY 20, 2024

Learn to Eliminate Medical Debts Through Bankruptcy Bankruptcy and medical debt relief have become buzzwords for those with financial problems due to unexpected health issues. It’s important to understand that having medical debt does not reflect personal failure. Bankruptcy can discharge medical bills.

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Titan Consulting

JUNE 7, 2020

Congress recently passed legislation in the CARES act that provides direct and indirect benefits to Federal Student Loan borrowers. Congress also counts the non-payment period through September as credit toward loan forgiveness credit. Help Available for Borrowers with Student Loans. How to Get the CARES Act Benefits?

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Nexa Collect

JUNE 23, 2023

Impact on Credit Score : If a collection agency reports the debt to credit bureaus, it can negatively affect the debtor’s credit score. This makes it harder for them to get loans, credit cards, or sometimes even jobs in the future. They may also look into options like debt consolidation or bankruptcy.

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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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Titan Consulting

AUGUST 2, 2020

Home Equity Loans and Home Equity Lines of Credit (HELOCs) are convenient, cost-effective ways to access capital from your home’s value. Banks have raised minimum credit scores and income requirements while lowering the maximum loan-to-value available. Equity sharing programs do not rely on loans, interest, or monthly payments.

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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. Final Thoughts.

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Credit Corp

JULY 20, 2020

When your debt is charged off as a bad debt, don’t fool yourself into thinking it goes away. A charged off debt can lead to harassing phone calls, garnished wages, and a major drop in your credit score. According to the Federal Reserve, consumer loans had a charge-off rate of around 2.3% Consolidate your debt.

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Titan Consulting

JULY 22, 2020

Lower interest rates mean saving on variable rate loans like credit card balances and HELOCS. Refinancing and new mortgage processing times are increasing due to the logistics around various loan processing procedures put in place during the global pandemic. These extended times will continue for the foreseeable future.

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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.

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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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Credit Corp

FEBRUARY 9, 2024

We’ll help you weigh those options and share several resources that can help you learn how to reduce debt over time. Each debt relief option has its pros and cons. Having good credit can help you secure better loans. While this helps by making one payment out of several, it’s not a strategy that directly gets you out of debt.

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Credit Corp

FEBRUARY 20, 2025

Debt settlement is a strategy where you negotiate with your creditors to pay a lump sum less than your total debt balance. Not all types of debt are eligible for settlement, but unsecured debts like credit cards and medical bills are good candidates. It can simplify your payments and potentially lower your interest rate.

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Titan Consulting

MAY 24, 2020

Credit bureaus measure variables related to your debt like the total amount of your debt, if you make your debt payments on time, how long you have been paying on debt obligations and how much debt you are servicing relative to how much potential debt has been extended to you.

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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

MAY 1, 2024

Debt relief may not be the best approach if you want to preserve your credit scores , but if you’re already behind on your credit cards, there’s no additional penalty for signing up. File for Bankruptcy Bankruptcy is a legal process that allows you to eliminate some or all of your debts.

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Titan Consulting

MAY 17, 2020

Alternative credit sources that do not report to the credit bureaus can include payments for rent, utilities, service accounts, and personal loans. 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.

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Titan Consulting

SEPTEMBER 15, 2020

Financial hardship could make it possible to negotiate debt balances and pay less than the full amount owed. 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.

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Credit Corp

JANUARY 8, 2025

Making mistakes regarding how you use your credit cards can lower your score, raise your interest rates, and make it difficult to get a loan. 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. You may have a lower interest rate as well.

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Better Credit Blog

AUGUST 3, 2021

Having a bad credit score can make it difficult to get a loan. “A bad credit score is somewhat of an indicator of your short, medium, and long-term ability to repay the loan, which is how banks make money.” The Most Important Factors For Loans For People With Bad Credit. Best Loans for Bad Credit Reviews.

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Better Credit Blog

AUGUST 3, 2021

Having a bad credit score can make it difficult to get a loan. “A bad credit score is somewhat of an indicator of your short, medium, and long-term ability to repay the loan, which is how banks make money.” The Most Important Factors For Loans For People With Bad Credit. Best Loans for Bad Credit Reviews.

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Loans Lender Collateral Education 52

Sawin & Shea

MAY 29, 2024

This affects mortgages , credit cards, and other loans tied to critical benchmarks. Fixed-rate loans remain unchanged, but variable rates adjust, impacting borrowers. Loan approvals: Higher rates can make lenders more cautious, leading to increased loan denials, especially for those with lower credit scores.

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Titan Consulting

AUGUST 30, 2020

A reverse mortgage is a unique loan, secured by the equity in your home, available to seniors 62 years of age and older. Here are the factors to consider before applying for a loan. These include: The value of the home at the time of the loan. The debt grows over time, which could leave you without access to cash later in life.

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Credit Corp

AUGUST 24, 2021

This might include options such as budgeting, debt settlement, consolidation loans, or debt management programs. Settling debt, closing accounts, or adding new loans or balance transfer accounts that help you consolidate existing debt can all impact your credit score. Consolidation loans.

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Debt Recoveries

OCTOBER 24, 2021

When writing your budget and listing all your outstanding debts, work out which of those debts are incurring further fees and interest, such as credit cards and loans. Talk to your Debt Collector. Don’t be afraid of approaching your creditors and debt collectors and talking to them. Everything else can wait. .

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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. Becoming debt-free is a big goal that will likely take a long time to accomplish. Consider Bankruptcy as a Last Resort. The thought of filing for bankruptcy might seem scary. Set Micro-Goals.

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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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Better Credit Blog

JANUARY 20, 2022

It was for a PMSI loan for an outdoor wood burning furnace. I had to make my own payment arrangements with the debt collector so that we could keep our furnace. I also have solar panels with FDR; fortunately for me that is an unsecured loan, so they can help with that one.” – Laura Whipple, 4-star review, TrustPilot. Bankruptcy.

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Debt Guru

JANUARY 27, 2021

What types of debts can I lump together in a DMP? Unsecured debts, such as credit cards, store cards and personal loans, can be part of your DMP. Secured debts, like your mortgage or car payments, aren’t covered. Student loans aren’t covered, either. What are other options to help me get out of debt?

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Titan Consulting

AUGUST 17, 2020

You requested an Economic Injury Disaster Loan (EIDL) from the SBA. New credit applications account for 10% of your credit score, even if you do not accept the loan. Why did my credit score drop after requesting financial assistance under the Economic Injury Disaster Loan (EIDL) program? Frequently Asked Questions.

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