Debt Guru

JULY 19, 2020

Remember that there is unsecured debt (like your credit card balances) and secured debt (such as your mortgage and auto loan). The difference is that unsecured debts are not backed by collateral. You might be tempted to use your substantial home equity to consolidate debt. The post Consolidating Your Debt?

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Debt Guru

MARCH 6, 2020

Or you resorted to a loan using your car as collateral. In addition to the stress it causes, a high ratio full of bad and ugly debts often means you don’t see your debt balance decreasing, despite making regular payments. Contact our experts today to begin your journey out of debt.

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Sawin & Shea

AUGUST 9, 2023

You aren’t allowed to pick and choose which debt you want the bankruptcy to apply to. Briefly, unsecured debts are not backed by any collateral and include things like credit card balances and unpaid medical bills. However, secured debt means the borrower has put up collateral (e.g.

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Titan Consulting

SEPTEMBER 2, 2020

Debt consolidation might include a debt management repayment plan, credit card balance transfer, personal loan, or equity line of credit. The main strategy in any debt consolidation strategy involves replacing one debt with another debt, usually with a lower interest rate or monthly payment. Key Takeaways.

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Credit Corp

OCTOBER 25, 2023

Types of credit card consolidation include credit card consolidation loans, balance transfer credit cards, home equity loans, HELOCs, retirement loans, cash-out auto refinance, family loans, and debt management plans. How to Consolidate Credit Card Debt Credit Card Consolidation FAQ What Is Credit Card Consolidation?

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Fico Collections

JULY 29, 2020

If we think about the three Cs of credit; Capacity, Character and Collateral we currently face a real risk to capacity and collateral.With so much assistance provided to Australians through their banks and the government, it is very difficult to determine their credit worthiness or character.

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Better Credit Blog

AUGUST 9, 2021

Can’t secure a loan with collateral such as a car. Proceed with caution, though, “since these options use your home as collateral, you could face a foreclosure if you do not keep up with payments for any reason.” ” What Are Some Other Options To Debt Consolidation Loans? Cons: Minimum credit score of 680.

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