Dept consolidating

This includes money owed on personal credit card accounts, auto loans, medical bills, and mortgages.The FDCPA does not cover debts incurred in running a business.Bankruptcy information stays on a credit report for 10 years and can make it difficult to get credit, buy a home, get life insurance, or sometimes get a job.As federal courts have exclusive jurisdiction over bankruptcy laws, cases must be filed in federal bankruptcy court.The Fair Debt Collection Practices Act (FDCPA) prohibits debt collectors from using abusive, unfair, or deceptive practices to collect from you.The Act covers personal, family, and household debts.In some cases, unpaid student and personal loans may be candidates for consolidation.Explore your options with a PSECU representative today.

So whether you have credit card debt or multiple outstanding loans, you may be better off combining your debt into one affordable, hassle-free Lending Works loan. Furthermore, our guide to debt consolidation loans will tell you everything you need to know about the merits of this type of personal loan.

Think of debt consolidation as a useful tool for getting your finances in order.

Just as you wouldn't use a screwdriver to hammer in a nail, debt consolidation isn't a one-size-fits all solution.

If you're unable to pay your creditors, filing for bankruptcy can help you get a fresh start by liquidating your assets to pay off your debts or create a payment plan.

Yet since bankruptcy has far-reaching and long-lasting results, you should first consider other debt management options.

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