There are different programs you can look to for debt help, if you are struggling to pay all your debts.Some debts can be enrolled in credit counseling or debt settlement plans.Comments on this article are now closed as too many people where asking questions without actually reading the article.
They can also be financially draining, too, leaving you with debts that you may struggle to pay.
Which options you can use to resolve each debt depends what kind of debt you have, how your divorce decree is worded, and what you can afford put towards your debt each month.
This is a time when you list all of your current debts, mistakes that you have made in paying on time, savings and other financial situations that you may have.
When you get married you are taking on each other’s debt and assets.
If an unsecured debt is not collected, or payments are not made on the unsecured debt within these time limits, then legal action cannot be taken by the creditor or a collection agency.
Only admitting to the debt in writing OR making payments of a debt resets the statute of limitations.
It's important that you learn how to handle credit card debt, auto loans, mortgages, and student loans after a divorce, so you can move ahead with your life in the best possible manner.
A divorce can leave you owing credit card debt, car loans, a mortgage, student loans, and child support.
To a college grad swamped with multiple student loans that have come due, loan consolidation is an enticing option.
When you consolidate, a lending institution pays off your existing balances and replaces them with a new, consolidated loan.
I consolidated my student loans down to two (for the Sub and Unsub halves) shortly after graduating college a few years ago. Is it possible to consolidate hers and mine into a single (or maybe two, for Sub & Unsub) loan? If not, can I reconsolidate/refinance both of our loans to [possibly] lower interest rates?