article thumbnail

How Late Can You Be on a Car Payment, Mortgage or Other Bill?

Credit Corp

How Late Can You Be on a Mortgage Loan Payment? How Late Can You Be on Student Loans? Car Repossession It’s important to realize that an auto loan is a type of secured loan. The vehicle you purchase serves as collateral for the loan. How Late Can You Be on Student Loans?

article thumbnail

Need to Know About Debt Negotiation and Settlement?

Sawin & Shea

Bankruptcy will wipe out credit card debt, medical bills, and personal loans, but will not eliminate primary obligation debt; things like student loans, child and spousal support, and newer tax debt. The company does not tell you your legal rights or tell you about free options you can take on your own.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

A Busy Summer for the CFPB—And Consumers Will Benefit in the Long Run

True Accord

These types of consumer contracts can also be perceived as an attempt to confuse people about their rights—such as the general liability waiver, which claims to fully insulate companies from suits even though most states have enacted legal exemptions to these waivers.

article thumbnail

The key advantages of Chapter 7 bankruptcy

Roths Child Law

However, it is important to note that student loans and child support are generally not discharged through Chapter 7. Understanding this process as well as your legal rights in Tennessee is a crucial endeavor. Importantly, Chapter 7 bankruptcy provides an opportunity for a fresh start. No limit to debts covered.

article thumbnail

CFPB Continues to Focus on Tuition Payment Plans Offered by Colleges and Universities in Latest Report

Troutman Sanders

In the press release announcing the issuance of the report, CFPB Director Rohit Chopra stated, “[t]uition payment plans offered by schools may look like a good option, but this report shows student borrowers can end up paying high fees, be forced to sign away their legal rights, or even have their transcript withheld by their school.”

article thumbnail

The key advantages of Chapter 7 bankruptcy

Roths Child Law

However, it is important to note that student loans and child support are generally not discharged through Chapter 7. Understanding this process as well as your legal rights in Tennessee is a crucial endeavor. Importantly, Chapter 7 bankruptcy provides an opportunity for a fresh start. No limit to debts covered.

article thumbnail

Does Paying Off Collections Improve Your Credit Score?

Credit Corp

There are many kinds of debts that can be sent to collections, including: Credit card payments Student loans Medical bills Rent payments Utility payments Auto loans Personal loans Tax debt The time it takes the original creditor to transfer your debt to collections varies.