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For example, if you take out a car loan from your credit union, you’re the debtor and the credit union is the creditor in this transaction. Sometimes, a debtor refers to someone who files for ...
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MomsWhoSave on MSNDebt Terms Explained: A Jargon-Busting GuideIn the world of personal finance, few topics are as daunting as debt. From intricate terms to complex phrases, it’s no s ...
The term "341 meeting" refers to a meeting between creditors and debtors that is required to take place during the course of a Chapter 7 bankruptcy proceeding.
Negotiating your debt with creditors can be cheaper and faster than using a debt settlement company. Your first offer should be lower than the maximum amount you can pay toward your debt.
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