Collection Industry News

APRIL 13, 2024

Consider debt settlement Working with a debt settlement company could also be a solution to paying off your credit card debt. When you use this type of program, experts from the debt settlement company work to negotiate lump-sum settlements with creditors for less than what you owe.

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Better Credit Blog

AUGUST 9, 2021

Whereas rates on credit cards can be 13-25%, average rates on personal loans are 14-18%,” says Toms. Even if your debts have already lowered your credit rating, or it wasn’t that high to begin with, you still have options. Payment Schedules: “Most personal loans have terms of 36-60 months with strict payment schedules.

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Better Credit Blog

AUGUST 9, 2021

Whereas rates on credit cards can be 13-25%, average rates on personal loans are 14-18%,” says Toms. Even if your debts have already lowered your credit rating, or it wasn’t that high to begin with, you still have options. Payment Schedules: “Most personal loans have terms of 36-60 months with strict payment schedules.

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Debt Consolidation Loans Lender Personal loans 52

Debt Guru

JANUARY 27, 2021

What types of debts can I lump together in a DMP? Unsecured debts, such as credit cards, store cards and personal loans, can be part of your DMP. Secured debts, like your mortgage or car payments, aren’t covered. Student loans aren’t covered, either.

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Credit Corp

JUNE 1, 2021

Most other types of debt are unhealthy or unproductive. These include credit card debt, personal loan debt, payday loans, and other bills for non-lasting purchases. If you can pay your debt down on your own, within your budget (check out the avalanche or snowball method), do so.

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Debt Free Colorado

DECEMBER 23, 2024

Chapter 13 creates a 3-5 year payment plan that lets you keep assets, but you need steady income and must owe less than $465,275 in unsecured debt. Credit cards, medical bills, and personal loans make up most unsecured debt that bankruptcy can eliminate. Late utility bills also count as unsecured debt.

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Credit Corp

JANUARY 9, 2025

Regardless of which strategies you choose, youll learn how to pay off your credit card debt faster, helping you save money on interest and boost your credit score. Negotiate a Debt Settlement Best for: People who can afford to make a lump sum payment Many people dont realize that they can settle their debt for less than what they owe.

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Collection Industry News

MAY 3, 2022

– Today, the Consumer Financial Protection Bureau (CFPB) filed a proposed order to resolve its allegations that Performance SLC, a student loan debt relief business, and Performance Settlement, a general debt-settlement company, along with their owner and CEO, Daniel Crenshaw, engaged in wrongful fee-charging practices and deceptive telemarketing.

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Credit Corp

JULY 10, 2023

Once you pay off the smallest debt, you apply the money you were putting toward it to the next smallest debt. Begin by creating a comprehensive list of all your debts, including credit cards, personal loans, student loans, and other outstanding balances.

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Sawin & Shea

MAY 2, 2024

If you qualify for Chapter 7 bankruptcy, our attorneys can guide you through the process of eliminating unsecured debts, such as credit card balances, medical expenses, and personal loans, within a matter of months. Dischargeable debts are those that can be eliminated through bankruptcy.

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Credit Corp

MARCH 4, 2025

Taking the proactive step of negotiating debt with creditors offers several key benefits. Negotiating a debt settlement allows you to find a solution that works for both parties. You have a right to know where the debt came from, how the total amount owed was calculated, and what fees might be included.

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