what about bank loans that one may have are they considered unsecured debt or can one get any help for that ?

No, bank loans are rarely unsecured. Typically bank loans are secured by an asset like your home or car, however, if that is not the case in your situation then it can be possible to negotiate with them.

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I have a personal loan for $7,000 that I have not been able to make a payment for the past 9 months. Now I have recieved a notice of motion and I am being told by the attorney for the creditor that I must pay a deposit of 1200 to avoid going to court and to re-establish monthly payments after that. I do not have 1200 to get started but I want to avoid court and negotiate a low monthly payment and get interest and fees reduced. My income is limited due to illness, I cannot work more that my current schedule to make more money. Can a debt settlement company help me at this point? A court date has been set for 16 days from now.

Hello, I wish I had better news for you but most debt settlement companies will not take clients with total debts of less than $10,000…

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I have excellent credit but my income has decreased. My credit cards are a burden. Can I protect my credit score and drastically reduce my debt payments?

Unfortunately, there is no way to drastically reduce your debt payments without drastic measures such as through debt settlement…

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what if your debt is not only credit card debt but medical bill debt as well?

Yes, medical bill debt is OK to include in calculations of your total unsecured debts…

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