Term
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Definition
| A individual with ineffective assets to cover debt |
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Term
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Definition
| When a person does not have to pay off theirs debts because they are no longer able to |
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Term
| Consumer credit counseling |
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Definition
| Places where people learn ways to repay debts |
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Term
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Definition
| A person or company to whom money is owed |
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Term
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Definition
| A single larger loan instead of many loans; lower monthly payment and a longer repayment period |
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Term
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Definition
| Same as consumer credit counseling |
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Term
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Definition
| A legal warning concerning the attachment of property to satisfy a debt |
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Term
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Definition
| A loan that says fair market value exceeds the over the debt owed on the property; secured by a primary residence or second home |
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Term
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Definition
| When someone takes control of someone possessions because they are debt. |
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Term
| How long is bankruptcy on your credit record? |
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Definition
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