debt relief question?
Gabe G asked: Is there any programs that can get rid of secured debt?
Erica
Tags: Debt Relief, Secured Debt
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on Wednesday, January 7th, 2009 at 1:06 am and is filed under Personal Finance.
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January 7th, 2009 at 5:10 am
If you are a homeowner and you want to lower the amount you are paying out each month then I’d suggest refinancing. However, don’t refinance and add debt to your house if you are struggling. It’s better for the ‘banks’ or ‘creditors’ to take away personal items (cars, motorcycles etc.) rather than lose your home. If you aren’t a homeowner then your question has alot of variables like what kind of secured debt, what your credit is like, whether you’re in collections or not etc.
January 9th, 2009 at 7:28 am
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