Sentences with phrase «out of credit card debtor»
Before you can save for retirement, you must get out of credit card debtor's prison.
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Chapter 13 bankruptcy allows debtors the option of paying out the value of non-exempt property to their creditors over time while slashing credit card debt and other unsecured debt.
From a bank's perspective then, a debtor coming out of Chapter 7 is an easy target for new business, and credit card solicitations abound, post discharge.
Some debtors choose to take out home equity consolidation loans, some apply for a low - interest credit card balance transfer, and others recruit the services of a professional debt consolidation company.