Debt Guru

JULY 19, 2020

You can consolidate all different types of debt – and the result is a simplified repayment process that involves a single payment each month. It works by getting one new loan and using that to pay off multiple existing creditors. The difference is that unsecured debts are not backed by collateral.

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Titan Consulting

SEPTEMBER 2, 2020

Perhaps consolidating debt will solve your financial problems. The Avenues Available to Consolidate Debt ? Debt Consolidation first appears to be an attractive option because you roll multiple debts into a single payment simplifying the process and saving you money. Is debt consolidation risky?

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Better Credit Blog

MAY 4, 2022

Debt consolidation is when you bundle several debts together into one larger sum and then make a single monthly repayment instead of multiple smaller ones. Consolidating debts with different interest rates and repayment schedules can make it easier to manage your finances. Debt Consolidation Guide.

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Sawin & Shea

JANUARY 24, 2024

The court sells off your nonexempt assets and uses the proceeds to pay your creditors. The remaining qualifying debts are discharged, meaning you are no longer responsible for paying them back. Your assets are protected while you make monthly payments to creditors through the court.

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Sawin & Shea

APRIL 17, 2024

While different from Chapter 11, Chapter 13 is similar in the sense that it involves reorganizing and consolidating debts. This filing method is referred to as “the wage earner’s plan” because filers repay some of their debt balances with their regular income. Do Creditors Prefer Chapter 13 Bankruptcy?

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Debt Free Colorado

JANUARY 20, 2024

You can consider filing for bankruptcy if you have overwhelming medical debt or persistent financial struggles. Some options are negotiating with creditors, structured payment plans, and debt consolidation. That means the debtor is no longer legally obligated to repay these debts.

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Better Credit Blog

AUGUST 3, 2021

Check to make certain this is the case, as you could potentially be putting your home at risk to get possessed by your creditors should you default on your loan. Accepted collateral includes cars, trucks, motorcycles, boats, and RVs. Borrowers can consolidate debt by opting to send funds directly to creditors.

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