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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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What Debts Will Remain After A Chapter 13 Discharge?

Sawin & Shea

The kinds of debt that can typically be eliminated are credit card debt, medical bills, utility bills, evictions, repossessions, and personal loans. You can also wipe out debts owed to gyms, clubs, and other personal services. Which Debts Cannot Be Discharged by Chapter 13 Bankruptcy?

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Reduced Revolving Debt: A Key Driver of Improved FICO Scores During Pandemic

Fico Collections

Here are some reasons why consumers were more focused on reducing their credit card debt: Reduced spending because of pandemic-related restrictions on travel and entertainment, along with a more judicious mindset because of the economic uncertainty created by the pandemic. by Tommy Lee.

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Average consumer now carries $6,329 in credit card debt. ‘People are stretched,’ expert says

Collection Industry News

Credit card debt is on the rise. trillion on their credit cards, the Federal Reserve Bank of New York reported Tuesday. year over year, according to a separate quarterly credit industry insights report from TransUnion. The post Average consumer now carries $6,329 in credit card debt.

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Q1 Industry Insights: Economic Stressors Persist while Pandemic-era Benefits End

True Accord

At the beginning of March, the federal government ended pandemic-era payments for low-income families on the Supplemental Nutrition Assistance Program (SNAP), causing nearly 30 million Americans to lose increased food stamp benefits. consumer credit card debt has increased to nearly $1 trillion.

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Credit card debt hits a ‘staggering’ $1.13 trillion. Here’s why so many Americans are under pressure

Collection Industry News

As the federal funds rate rose, the prime rate did, as well, and credit card rates followed suit. Despite the steep cost, consumers often turn to credit cards, in part because they are more accessible than other types of loans, Schulz said. The post Credit card debt hits a ‘staggering’ $1.13

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Average U.S. FICO® Score at 716, Indicating Improvement in Consumer Credit Behaviors Despite Pandemic

Fico Collections

consumers have experienced disruption to their income since the onset of the pandemic, the combination of government stimulus programs such as the CARES Act and payment accommodation programs being offered by lenders continues to enable many consumers to avoid falling behind on their bills. Fewer consumers are actively seeking credit.