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Recognize the types of debts that are dischargeable under Chapter 13. Secured DebtsConsolidated or Eliminated. A mortgage or car loan secures the lender’s interest in your house. Even if you have been discharged, unpaid debts may result in foreclosure or repossession. medical debt . credit card debt
Personalloan: Limited options. Auto loan: Limited options. Others are on the path to repairing their credit, as it takes time to recover from more severe credit occurrences like bankruptcy , foreclosures , or judgments. The good news is, you should be able to get an auto loan with your current credit score.
Debt collections. The issues above can hinder your access to both revolving lines of credit and installment loans. With a 560 credit score, you’ll have very limited loan options and will have a hard time getting approved for unsecured credit cards. PersonalLoan Options with a 560 Credit Score. Bankruptcy.
Enter Sawin & Shea, LLC – a firm with over 50 years of combined experience in bankruptcy services, dedicated to providing compassionate and non-judgmental representation to individuals and families in need. Dischargeable debts are those that can be eliminated through bankruptcy.
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