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Tagged: Debt

Debt Settlement – Working With Your Creditors To Get Out Of Debt

Legal

Debt Settlement – Working With Your Creditors To Get Out Of Debt

Debt Settlement – Working With Your Creditors To Get Out Of Debt Debt happens to good families, it’s a fact. There are so many reasons and circumstances why people find themselves in debt. When a spouse becomes ill, or unemployed or injured families get behind and sometimes end up in debt. Some people are able to find other funds and get out of debt on their own, but there are others who need assistance. One way a person or family can get themselves out of a severe debt problem is by debt settlement. Debt settlement commonly occurs in one of...

Debt Relief for the Elderly and Disabled

Legal

Debt Relief for the Elderly and Disabled

Debt Relief for the Elderly and Disabled (Note: this is not to be considered legal advice, and it is dealing with the hypothetical “average” elderly and/or disabled person. Each case is unique and to determine the legal ramifications of your individual scenario you should consult an attorney.) Debt settlement, also known as debt negotiation or debt reduction, is a relatively new way for dealing with your debt problems. In a debt settlement program, by negotiating with a creditor, a client can reduce their debt by as much as 50 percent and be debt free in as little as 12 months....

Debt Consolidation Refinance Advice: Chapter 13 Bankruptcy versus Ch. 7 BK

Legal

Debt Consolidation Refinance Advice: Chapter 13 Bankruptcy versus Ch. 7 BK

Debt Consolidation Refinance Advice: Chapter 13 Bankruptcy versus Ch. 7 BK Under the old bankruptcy laws, most debtors chose between a liquidation proceeding under Chapter 7 of the Bankruptcy Code and a wage-earner repayment plan under Chapter 13. Under the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA), new bankruptcy law, a two-part means (income) test now determines if your are eligible for Chapter 7 or must file under Chapter 13 for relief. And, because the new law imposes stricter requirements on lawyers, it’s harder to find an attorney to represent you in a bankruptcy case. The new...

Debt Consolidation and the Benefits of Unsecured Loans

Legal

Debt Consolidation and the Benefits of Unsecured Loans

Debt Consolidation and the Benefits of Unsecured Loans Unsecured loans for debt consolidation are loans that do not require collateral. Debt consolidation loans are claimed to help debtors avoid bankruptcy, eliminate debts, terminate hassling creditors calls, lower debt payments, and one low monthly payment. Of course, no one wants to file for bankruptcy. Lawyers are notorious for telling people that there is no other way but to file for bankruptcy. Likewise, any source that tells you that they can eliminate debt is leading you on. Reality is structured to keep everyone in debt. No one has the ability to get...

How to Find a Lender for Debt Consolidation

Legal

How to Find a Lender for Debt Consolidation

How to Find a Lender for Debt Consolidation If you are trying to consolidate your debts by searching for a lender, you may want to go online to read about the finer nuances of debt consolidation, debt settlement, debt negotiation, and credit. Debt consolidation is the procedure of taking charge of your life again. Debt consolidation lenders help you to eliminate interest rates on your credit cards, and rates of interest on personal, mortgage and other types of loans. These bills are rolled into one monthly installment, making it easy for you to repay your debts. Some of the companies...