Consolidating all my bills

Unsecured debts are not tied to any particular asset, and include most credit card debt, bills for medical care, and signature loans.Most automobile financing agreements allow a creditor to repossess your car any time you’re in default. If your car is repossessed, you may have to pay the balance due on the loan, as well as towing and storage costs, to get it back.You can find information about budgeting and money management techniques online, at your public library, and in bookstores.Computer software programs can be useful tools for developing and maintaining a budget, balancing your checkbook, and creating plans to save money and pay down your debt. Are you worried about losing your home or your car? Many people face a financial crisis at some point in their lives.

At that point, your creditors have given up on you.

If you can't do this, the creditor may sell the car.

If you see default approaching, you may be better off selling the car yourself and paying off the debt: You'll avoid the added costs of repossession and a negative entry on your credit report.

If you and your lender can’t work out a plan, contact a housing counseling agency.

Some agencies limit their counseling services to homeowners with FHA mortgages, but many offer free help to any homeowner who’s having trouble making mortgage payments.

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