Nonfinancial debt increases the chances that you'll obtain a mortgage loan. However, it increases the risks of doing business with clients who cannot repay their debts. Housing loans in Michigan are usually provided by banks and financial institutions, but there is...
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Month: December 2021
Difference between Chapter 13 and Chapter 7 bankruptcy
Sometimes, bankruptcy is the only way to get out of debt. Most filers in Michigan choose Chapter 7 or Chapter 13, which both remove debt but work differently. Chapter 7 bankruptcy Chapter 7 bankruptcy is a liquidation procedure that involves converting non-exempt...
Why will credit card companies work with you?
If you owe money to a credit card company, there is a good chance that the company will do whatever it takes to obtain what is owed. Fortunately, your lender will likely be willing to work with you in the event that you can't make a future payment in a timely manner....
Difference between Chapter 7 and Chapter 13 bankruptcy
If a consumer feels overwhelmed with debt, they may seek bankruptcy to get relief from certain debts. Most filers in Michigan and around the country choose Chapter 7 or Chapter 13, but these two types work differently. Chapter 7 bankruptcy Chapter 7 bankruptcy is a...
Credit card debt consolidation: pros and cons
Keeping track of your debt can be challenging when you have loans, bank overdrafts, and credit cards that span across several different accounts. If you're a Michigan resident and looking to reduce your debt without turning to bankruptcy, you may want to consider...
