Titan Consulting

AUGUST 23, 2020

At your request, lenders must grant a forbearance for up to 180 days, renewable for up to a year with a hardship attestation. The CARES Act also requires lenders to offer repayment options that include adding missed payments to the end of the loan, a loan modification, or refinance.

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Better Credit Blog

APRIL 1, 2022

To remove Capital One Collections from your credit report, you first need to know who currently owns the debt. In other words, has Capital One sold your unpaid credit card debt to another collection agency, or is the debt still with Capital One? Why would this kind of debt settlement work?

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Debt collector Credit Card Debt Third-party Debt Collectors Collections 73

Collection Industry News

DECEMBER 1, 2022

Collections agencies buy your unpaid credit card debt from your card issuer when your balance lingers too long — but that doesn’t mean it goes away. When a collections representative from your credit card issuer calls you, it’s usually because you haven’t made at least the minimum payment for at least 30 days.

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Credit Corp

JUNE 1, 2021

Include a line item in the budget for any credit card debt. No matter what or when, contact your lender if you believe you will be unable to make a student loan debt payment. Lenders are usually very open to figuring out a payment plan. Understand Your Debt-to-Income Ratio. Account for a splurge.

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Better Credit Blog

JANUARY 20, 2022

This is why many people engage the services of a debt relief agency. TransUnion calculates that paying off $5,000 of credit card debt at the minimum rate costs $10,000 in interest. The fees you can expect to pay for Freedom Debt Relief’s services range from 15–25%. National Debt Relief vs. Freedom Debt Relief.

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Better Credit Blog

AUGUST 9, 2021

A co-borrower with a solid credit history might be able to help secure you a good rate. Other factors to consider include: Fees: Some lenders will charge what is called an Origination Fee, usually as a percentage of the amount owed, often around 1% to 5%. Best Debt Consolidation Loans. Cons: Minimum credit score of 680.

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Better Credit Blog

AUGUST 9, 2021

A co-borrower with a solid credit history might be able to help secure you a good rate. Other factors to consider include: Fees: Some lenders will charge what is called an Origination Fee, usually as a percentage of the amount owed, often around 1% to 5%. Best Debt Consolidation Loans. Cons: Minimum credit score of 680.

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Debt Consolidation Loans Lender Personal loans 52

Better Credit Blog

MAY 4, 2022

You can combine credit card debt, car finance, personal loans, student loans, medical bills, payday loans, and other types of unsecured debt. But is debt consolidation a good idea for you? If your score is low, you’ll need to know how to fix a bad credit score before going through the application process.

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Debt Consolidation Consolidate Debt Personal loans Loans 70

Better Credit Blog

APRIL 4, 2022

Most commonly, a debt collector will try to make you feel guilty, implying you’re stealing or not doing your part as a responsible citizen by not being able to pay your medical bills or credit card debt. Try To Negotiate On Older Debts. Don’t fall for this nonsense. It’s all an act.

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Credit Corp

AUGUST 8, 2024

But most states allow cosigners to take primary borrowers to court in the following situations: Cross claims: If you default on or fail to repay the loan, the lender could sue the cosigner for the money owed. The cosigner may then be able to sue you for the money that the lender is trying to recover.

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Debt Free Colorado

DECEMBER 23, 2024

What is Unsecured Debt? Unsecured debt is money you owe not tied to any specific asset. This means the lender can take no property, like a house or car if you do not pay. Instead, lenders rely on your promise to pay back the money. Unsecured debt can be stressful. This means you no longer owe the money.

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Better Credit Blog

JANUARY 11, 2022

But I ask them how is your credit now? If you have a 100k in credit card debt and you are delinquent on your payments, your credit already stinks,” says Scott. “Even if you are current on your 100k in debt payments, and your credit score is high, to me, you are a poor credit risk.

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Bankruptcy Chapter 13 bankruptcy Debt Consolidation Lawyers 63

Sawin & Shea

MAY 2, 2024

While there is no minimum debt amount for filing for bankruptcy, you’ll want to make sure you have enough dischargeable debt to make filing worthwhile. Dischargeable debts are those that can be eliminated through bankruptcy. The key is making an informed choice based on your unique circumstances.

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