What is the Likely Impact of Filing Bankruptcy on a Student Loan?

What is the Likely Impact of Filing Bankruptcy on a Student Loan?

If you’re considering filing for bankruptcy, you might be wondering what impact it will have on your student loans. Unfortunately, the answer isn’t always clear-cut. Here’s what you need to know. Checkout this video: Introduction When you file for bankruptcy, all of your assets and debts become part of the bankruptcy estate. This means that…

Why Does an Unsecured Loan Have a Higher Interest Rate Than a Secured

Why Does an Unsecured Loan Have a Higher Interest Rate Than a Secured

Many factors contribute to the interest rate on a loan, including whether the loan is secured or unsecured. A secured loan is backed by collateral, typically in the form of a home or car. An unsecured loan doesn’t have any collateral backing it. Checkout this video: Introduction There are two main types of loans available…