Sentences with phrase «as other unsecured debt»

I believe that private student loans should be dischargeable to the same extent as other unsecured debt.

Debt settlement companies offer to help you settle all of your credit card debt, as well as other unsecured debt, with claims of up to 70 percent savings on the total amount of money you owe.

The help you can get through debt consolidation services for your credit card debt as well as other unsecured debt are invaluable because these debt consolidation agencies have special training as well as good contact with wide range of creditors.

This means if you qualify for a hardship program you may be able to significantly reduce your credit card debts as well as other unsecured debts.

Not exact matches

Even though the Massachusetts filers owed substantially more in unsecured debt (that is, debt not backed by a home, a car, or another asset) than their counterparts in other states, they reported less than half as much medical debt, which is also unsecured.

The bankruptcy fully discharges the shortfall as a (now) unsecured debt, just like all other debts dischargeable in bankruptcy: credit cards, unsecured lines of credit, income tax arrears, older student loans, etc..

If you're anticipating a large expense, want to create a set payment plan or save interest as compared to other forms of unsecured debt, Good Choice may be a Greater borrowing option for you.

«When a consumer is unable to meet their regular monthly debt payments, our agency as well as other (accredited agencies), may establish a DMP to help the consumer manage and pay off their unsecured debt by having the consumer deposit a monthly payment into a (trust account) which, in turn, is distributed to their creditors,» Hannah says.

An income driven repayment plan like the Income Based Repayment, Income Contingent Repayment or Pay As You Earn is a good tool that should be strongly considered after taking a close look at a Chapter 7 bankruptcy filing in order to clear away other unsecured debts to make the regular student loan payment affordable.

Secured loans, on the other hand, are usually not as common as unsecured debt.

However, the court may give some unsecured debts, such as delinquent tax, child support or alimony, priority over other unsecured claims.

One other word of caution if you already tapped your equity to pay off unsecured debt and face foreclosure in the future is that many lenders are reporting any forgiven debt (the difference between what you owe and what the bank collects) to the IRS as taxable income to you.

· Don't consolidate the student loan debt with other unsecured debt as you can most likely find a lower rate and better payment terms on the student loan debt if handled separately.

Here are some ways that you can avoid accumulating credit card and other unsecured debt as you begin to start and grow your adult lifestyle and responsibilities.

A Debt Consolidation Program (DCP) involves your unsecured debt, which may include your credit card bills, lines of credit, unsecured loans — or any other debt that doesn't require collateral, such as a home or Debt Consolidation Program (DCP) involves your unsecured debt, which may include your credit card bills, lines of credit, unsecured loans — or any other debt that doesn't require collateral, such as a home or debt, which may include your credit card bills, lines of credit, unsecured loans — or any other debt that doesn't require collateral, such as a home or debt that doesn't require collateral, such as a home or car.

Others have taken secured loans, such as second mortgages on their homes, to pay off high - interest unsecured debt.

Sixth, the Secretary of Education, as junkyard dog, should revise Lynn Mahaffie's 2015 letter outlining when DOE will not oppose bankruptcy discharge of student loans to clarify to the federal courts that DOE supports a bankruptcy discharge of student loans under the same terms that apply to other unsecured consumer debt.

At the very least, as student loan debt becomes a greater and greater burden on consumers in America we will see it erode the money people spent on other items and see a continued decrease in unsecured consumer debt levels.

The Great Recession hit p2p investing especially hard as borrowers dropped unsecured loans along with just about every other type of debt.

The first thing to understand is that debt settlement will generally only work on unsecured debt such as credit cards and other bills that have gone into collections.

Unsecured Debts are things that aren't guaranteed by collateral, or in other words, personal assets, such as your home.

A consumer has fewer options for dealing with their student loan debt compared with other types of unsecured consumer debt such as credit card debt.

These laws are punitive because they are harsher on consumers than the treatment afforded to other types of unsecured debt which I will refer to as unsecured consumer debt.

For instance, if you have credit card debts, payday loans or any other personal loans known as unsecured debts, you'll be inducted into the relief program or else your application will be turned down.

On the other hand, unsecured debt entails that a lender can not reclaim anything if you as a borrower do not make payments.

Other claims are then paid in their respective order as follows: wage claims to the extent of $ 4,000; contributions to employment benefit plans; customer deposits to the extent of $ 1,800; claims for debts due a spouse for alimony or child support; secured taxes; priority taxes and unsecured claims.

Filing personal bankruptcy means giving up everything you own (except for property that is considered exempt, such as basic clothing and household goods, and other items depending on where you live), in exchange for the elimination of your unsecured debts.

Other books I had read and tried to follow always say to pay down the highest interest rate debts first, but our 9 unsecured high - interest debts have balances ranging from $ 500 to $ 10,000 and I was frustrated working on that largest one as it happened to also be the highest interest debt.

«Front - end» companies, such as Safe Trust, contact consumers through marketing schemes offering debt adjusting services to consumers who have credit card debt or other unsecured debt.

It can alleviate not only the stress of the judgment lien, but other unsecured debts as well.

Many also have other unsecured debt, such as medical debt, personal loans or installment loans from appliance or furniture retailers, Opperman says.

Consolidation loans are particularly suited to high - interest consumer debts such as credit cards, public utilities, personal and other unsecured loans.

On the other hand, Chapter 7 bankruptcy can help if you have less income and lots of unsecured debt, such as the debt associated with credit cards, medical bills and payday loans.

Applying the common - law «interest stops rule» normally applied in Bankruptcy and Insolvency Act proceedings, Justice Newbould ruled that post-filing interest was not payable on the Crossover Bonds.5 Justice Newbould began his reasons with reference to the «fundamental tenet of insolvency law that all debts shall be pari passu and all unsecured creditors [shall] receive equal treatment».6 Justice Newbould found that the status quo with respect to unsecured creditors should be maintained as at the date of Nortel's filing and that to permit certain claims to grow disproportionately to others during the CCAA stay period would violate the status quo.

The S.C.C. found that an equalization payment is a debt, not a proprietary interest, and as such it is to be treated like any other unsecured claim under the BIA.

Last year, New York - based TIAA - CREF was into the market for about $ 7 billion, of which $ 4 billion was allocated to conventional mortgage lending, $ 2 billion to CMBS and the remainder to other programs such as unsecured debt and preferred and common stock for REITs.