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Pros and Cons of Debt Consolidation Loans

Better Credit Blog

But it’s a much bigger headache if you owe debts to multiple places, as your odds of forgetting a payment will increase, and the varying interest rates between the different debts can end up taking a bite out of your wallet. How Debt Consolidation Loans Work. When Might It Make Sense To Get A Debt Consolidation Loan.

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Can I Settle My Credit Card Debt Myself?

Titan Consulting

When Should You Consider a Debt Settlement Program ? Carrying large amounts of unsecured debt is a sign of financial stress, even if you are making regular monthly minimum payments on all your accounts. Personal loans, credit card debt, payday loans, or medical bills all fall into the category of unsecured personal debt.

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Can I File Bankruptcy on Just My Credit Cards?

Sawin & Shea

Credit card debt is a huge reason people end up filing for bankruptcy. The incredibly high interest rates alone plus the ease of procuring cards contribute to what can be a vicious cycle of maxing out limits, paying only minimums, and applying for more cards. But can you file for bankruptcy on credit cards only ?

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How to Negotiate Debt Settlement

Credit Corp

Have you ever felt in over your head with debt? According to a 2024 study, the average level of personal debt, not including mortgages, is over $22,000. Maybe youve been hit with unexpected medical bills or accrued credit card debt over time. What Is Debt Settlement?

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Should You File for Bankruptcy if a Strong Economy is Just Around the Corner

Titan Consulting

When government assistance is not providing enough income to cover job losses, should you file for bankruptcy or hold out for the economic recovery? Credit card companies grant payment relief between one and three months without penalties or credit reporting. The Bankruptcy Option.

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Bankruptcy Chapter 7 vs 13: Which Is The Best Option?

Debt Free Colorado

The United States Bankruptcy Code governs both chapter 7 and chapter 13 bankruptcy. Without having to repay it later, you may immediately begin rebuilding your credit. . If you have a large amount of credit card debt or high medical costs that you can’t pay, Chapter 7 may allow you to start again.

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Insurance and Job Losses: How to Stay Protected After a Layoff

Titan Consulting

Regaining health insurance could mean extending the corporate plan, buying an individual policy, or relying on government insurance programs. As of now, the government has not universally reopened the ACA exchanges for all citizens. Are Government Health Care Programs Available and Under What Circumstances ?