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Finding Solutions to Discharge Your CreditCardDebt Many find themselves struggling if they should file for bankruptcy because of their creditcards. Fortunately, bankruptcy can offer a path toward financial relief from creditcarddebt. Is My CreditCardDebt Dischargeable in Bankruptcy?
Quick Summary: Bankruptcy is a legal process that offers relief from overwhelming debt for individuals and businesses. Certain debts—such as creditcarddebt, medical bills, and personal loans—can be discharged. However, not all debts can be discharged. This provides relief from significant healthcare costs.
No-credit-check lending, such as payday and title loans, often comes with unreasonable fees and annual percentage rates (APR). When seeking a new personal loan after bankruptcy, use legitimate lenders, such as major financial institutions, creditunions, or through Credit Karma.
Chapter 13 Bankruptcy Discharge Once you complete paying off your repayment plan over three to five years, the court will discharge your eligible debts. There are some situations in which you will need to incur additional debt while going through the bankruptcy procedure, such as unexpected vehicle or home repairs.
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