On July 30, 2016, Social Security began requiring new and current my Social Security account holders to sign into their account using a one-time code sent via text message. This second layer of security that requires...
Unlike debt settlement and debt consolidation, bankruptcy typically wipes out debt. Although this may seem like a solution to your money problems, it will have lasting consequences on your credit report and still may not remove all the debt you have.
There are two main types of consumer bankruptcy: Chapter 7 and Chapter 13. In a Chapter 7 bankruptcy filing, the consumerâs assets are liquidated to pay their debts. Any remaining debts are forgiven. In a Chapter 13 bankruptcy, the consumer is deemed to have sufficient income to repay at least a portion of their debts and does so over a number of years.