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Be aware that student loans are very different than any other type of consumer loan product.  Here are some of the more significant differences between the loan types;

• Multiple Loans Many times student loans are reported to the credit bureaus on a disbursement basis, which means if you took out six loans to pay for college, then youll have six unpaid loans on your credit reports.  If you can consolidate those loans into one then youll likely eliminate the damage of having multiple loans on your credit reports, which is good for your credit scores.

• Missed Payments Sting A missed payment on a student is just as damaging as any other.  Just because your loans have been in deferment for months or years doesn’t mean that the new due dates are suggestions. Stud

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Tags: Loans, Student Loans

Chapter 13 is a repayment bankruptcy. You pay your creditors whatever you can afford over three to five years (three years for lower income earners, five years for higher wage earners). You are required to commit your disposable income to the repayment plan during the repayment period. You are also required to pay as much to unsecured creditors as they would receive in a Chapter 7 liquidation bankruptcy.

An expected income tax refund is property of the bankruptcy estate. Many debtors are able to protect all or a portion of their income tax refunds by applying legal exemptions to the expected refund. After applying all of your available exemptions, the remaining unprotected amount is often little or nothing.

If you cannot protect your tax refund with exemptions, you are required to pay the non-exempt amount in your monthly plan payments.

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Tags: Bankruptcy, Chapter 13

In today’s time, there are varieties of credit cards to choose from. Finding out the company that can offer lots of rewards, cash back and freebies might not be a daunting task anymore according to a latest survey made by some independent organizations that protects the rights of credit card consumers. Credit cards in the past will not guarantee that you will be given a chance to own one but these days, if you qualify for the kind of credit card that you are applying for the approval will be done in as fast as 30 minutes.

Credit card companies are now offering credit cards that are pre-approved. Oftentimes, banks themselves are the ones sending their account owners these types of cards which have not more than $10,000 limit. B

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Tags: Card, Credit Card