Foreclosure Personal loans Repossession 
Credit Corp
JANUARY 5, 2021
For example, if you borrowed $12,000 for a personal loan and only paid back $6,000, you still received the original $12,000. Not paying back the other half of the loan means you got the benefit of that money without paying for it. This is similar to the rule for W-2s from employers. Is a 1099-C Form Good or Bad for Your Credit?
Debt Free Colorado
DECEMBER 9, 2021
Short foreclosure protection – When your home is faced with foreclosure, the automatic stay is not in effect indefinitely. Co-signing a loan carries a risk – Anyone who co-signs a loan may be obligated to repay the debt on your behalf. The lender protects the borrower against foreclosure. medical debt .
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Credit Corp
AUGUST 23, 2021
It’s a common scenario: You apply for a personal loan or credit card and get denied. The reason seems shrouded in mystery, and you receive a letter with language such as “lack of recent installment loan information” or “proportion of balances to credit limits.” Card Details +.
Sawin & Shea
MAY 2, 2024
With a deep commitment to personalized service, we take the time to understand your unique circumstances and tailor our approach to your specific needs. Credit card balances, personal loans, and other unsecured debts can quickly spiral out of control, especially when combined with secured debts like a car loan or mortgage.
Debt Free Colorado
JUNE 18, 2024
This applies to unpaid debts such as: Unsecured debts: These are debts not tied to a specific asset, like credit card debt, medical bills, or personal loans. Foreclosure and repossession If you’re facing foreclosure or repossession of your car, the automatic stay can temporarily halt these actions.
Credit Corp
JULY 26, 2021
If beneficiaries can’t or won’t assume the loan, they can sell the property to settle the debt instead. If your loved one doesn’t have any beneficiaries listed on their will when they die, their mortgaged property may go into foreclosure. Car Loan Debt. If no one is able to pay off the loan, the lender may repossess it.
Sawin & Shea
JUNE 7, 2023
Obtaining Personal Loans with a Cosigner Having a co-signer on a personal loan or credit card means that you associate another individual with your debt. Creditors can pursue reimbursement from the co-signer via repossessions, foreclosures, wage garnishment , and other aggressive actions.
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