Balance transfer cards offer new customers the opportunity to
transfer most types of debt to a different card with a low or no intro APR..
Most types of debt except: student loans, magistrates» court fines, maintenance payments or maintenance arrears ordered by a court, Child Support Agency or Child Maintenance Service arrears, money owed under a criminal confiscation order, debts resulting from certain personal injury claims and budgeting or crisis loans.
The federal FCRA limits the number of years credit reporting agencies or credit bureaus can
report most types of debt to either 7 or 10 years.
Balance transfer cards offer new customers the opportunity to
transfer most types of debt to a different card with a low or no intro APR..
Bankruptcies are of various types, but the most common for an individual seems to be a «Chapter 7 No Asset» bankruptcy which relieves the borrower
of most types of debts.
For example,
most types of debt, including credit - card debt, car loans and the mortgage on your primary residence, are not reported on FAFSA and so don't reduce your family's net worth in aid calculations.
Another difference is that, unlike a balance transfer, it is not limited to credit cards and
most types of debt may be consolidated with a personal loan.
Most types of debts can be included.
There's a catch: Assets are community property, but unfortunately,
most types of debts are too.