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The debt collector could also get the court to put a lien on your property, like your house, if you don’t respond. Talk with an attorney: An attorney can advise you on your legalrights and help you navigate the lawsuit process. Debtconsolidation: Imagine juggling multiple credit card bills.
Here are a few other ways that you and your cosigner may be able to reach a resolution: Debtconsolidation loans: Taking out a debtconsolidation loan allows you to borrow money to repay what you owe on your original loan. They don’t have any rights to the items you purchased with the loan.
This is always a good first step before turning to a debt relief company. Debtconsolidation programs. This is an option for people who have several debts with different creditors. A consolidation program puts together everything you owe into one account and gives you a single monthly amount for repayment.
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