We’ll work with you one-on-one to understand your needs and help you decide if a debt consolidation loan is right for you. See if you prequalify for a One Main personal loan for debt consolidation.“I was approved for enough to consolidate some higher interest debt into a manageable payment. I was able to bring my documentation in on my lunch hour and close the loan.They printed and mailed the pay-off checks immediately.I know I can count on One Main Financial for my future.
Whether your debt dilemma is the result of an illness, unemployment, or simply overspending, it can seem overwhelming.
And although bankruptcy is one option to deal with financial problems, it’s generally considered the option of last resort.
Some of your property may be sold by a court-appointed official — a trustee — or turned over to your creditors.
The new bankruptcy laws have changed the time period during which you can receive a discharge through Chapter 7.
The Federal Trade Commission (FTC) cautions consumers to read between the lines when faced with ads in newspapers, magazines, or even telephone directories that say: “Consolidate your bills into one monthly payment without borrowing.” “STOP credit harassment, foreclosures, repossessions, tax levies, and garnishments.” “Keep Your Property.” “Wipe out your debts! If you’re having trouble paying your bills, consider these possibilities before considering filing for bankruptcy: If none of these options is possible, bankruptcy may be the likely alternative. The net effect of these changes is to give consumers more incentive to seek bankruptcy relief under Chapter 13 rather than Chapter 7.
There are two primary types of personal bankruptcy: Chapter 13 and Chapter 7. Chapter 13 allows you, if you have a steady income, to keep property, such as a mortgaged house or car, that you might otherwise lose.
If you take out a debt consolidation loan for that amount, you could combine all those balances into one loan.
This way you won’t have to juggle multiple bills all month long.
Personal bankruptcy usually does not erase child support, alimony, fines, taxes, and some student loan obligations.