Not exact matches
They are currently
benefiting from not being able to default by paying a lower interest rate than other types
of unsecured debt.
Customers with less than $ 15000
of unsecured debt may
benefit from a
debt consolidation loan or credit counseling services.
I've tried, and I can think
of only one common household expense that yields no
benefit whatsoever: interest payments on
unsecured debt like credit card
debt.
But you can still
benefit from lower monthly payments if your credit cards or other
unsecured debts carry higher interest rates than the loan and you've fallen into the trap
of paying late and accruing late payment fees.
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.
Thus an
unsecured debt consolidation loan provides the provider with two most useful
benefits of a loan.
Although the important part
of an
unsecured debt consolidation loan is its availability to all kinds
of borrowers, it has some other useful
benefits to offer.
You'll Get Rid
of Your
Debt: The biggest benefit of filing for bankruptcy with the assistance of a bankruptcy lawyer is that your unsecured debt, like medical bills and credit cards, will be dischar
Debt: The biggest
benefit of filing for bankruptcy with the assistance
of a bankruptcy lawyer is that your
unsecured debt, like medical bills and credit cards, will be dischar
debt, like medical bills and credit cards, will be discharged.