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They will feel obligated to protect their interest in the collateral (your car) and can move quickly to repossess after only a few missed payments. If you own a home the consequences of a judgment against you are more significant as judgment creditors can place liens against your home. Experian Credit Card and Debt Relief List.
Dischargeable debts are those that can be eliminated through bankruptcy. Some common dischargeable unsecureddebts 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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