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What is Debt Consolidation and How Does it Work?

Better Credit Blog

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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The Best Debt Consolidation Loans

Better Credit Blog

If you owe multiple outstanding debts, it might be time to consider looking into a debt consolidation loan. “Debt consolidation essentially means combining and downsizing debts so they are easier to repay. The Most Important Factors For Debt Consolidation Loans. ” Ads by Money. .

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The Best Debt Consolidation Loans

Better Credit Blog

If you owe multiple outstanding debts, it might be time to consider looking into a debt consolidation loan. “Debt consolidation essentially means combining and downsizing debts so they are easier to repay. The Most Important Factors For Debt Consolidation Loans. ” Ads by Money. .

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How to File for Bankruptcy

Better Credit Blog

is the spokesperson for Debt Consolidation Care and an attorney who helps his clients deal with bankruptcy, and he says sometimes it’s the best option people have at their disposal. “It may be the only resort to get rid of debts when you have insufficient income to repay them.” When Bankruptcy Makes Sense.

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How Much Debt Is Needed to File for Bankruptcy?

Sawin & Shea

Dischargeable debts are those that can be eliminated through bankruptcy. Some common dischargeable unsecured debts include: Credit card debt Personal loans Medical bills Utility bills Certain types of obligations without collateral However, all your debts cannot be discharged, even when you file bankruptcy.

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New rule would eliminate medical debt from credit reports

Collection Industry News

Prohibit credit reporting agencies from including medical debt on credit reports sent to creditors if the creditor is prohibited from considering it. Bar lenders from using medical devices like wheelchairs and prosthetic limbs as collateral for loans or from repossessing them if someone can’t repay the loan.