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Debt Settlement

Ask an Expert: What is a Judgment?

Q. What is a judgment?   Dear Reader, Dealing with a judgment can be a terrifying ordeal. As it relates to credit, it means that a creditor or debt collector has taken you to court to collect your unpaid debt and they have won the lawsuit.   Like any legal matter, a judgment is a process. It’s the debt collector’s last recourse to legally collect the debt after all other …Read More

Debt Consolidation vs. Debt Settlement vs. Debt Management Program

What is Debt Consolidation? Debt consolidation typically involves getting a lower interest loan to pay off multiple high interest secured or unsecured debts, such as credit cards or payday loans. The consolidation loan is generally secured against the borrower’s assets such as a home or a car.  Because credit card debts have such high interest rates, even an unsecured consolidation loan can significantly reduce the borrower’s monthly payment. For some this …Read More