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Debt Settlement: Ineligible Debts

Secured debts cannot be entered into our debt settlement program.

 

This includes:

  • home loans,
  • second or third mortgages,
  • equity lines of credit,
  • auto loans, and
  • financing contracts tied to a specific piece of property that may be legally repossessed by the creditor.

Federal student loans, although unsecured, must also be excluded from the program.

 

In addition, Federal and State taxes cannot be included.

Additional Related Frequently Asked Questions

Q: Can I do this myself?

 

Q: Don’t I have to pay taxes on the money I save?

 

Q: How do I avoid bankruptcy?

 

 

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Personal Finance Money Tip
Personal Finance Money Tip: Set concrete goals. Know when you want to buy a new home, when you want to retire, and how much you are expecting each to cost you.

See also: credit card debt, credit rating, debt services, debt settlement, secured debt, unsecured debt

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National Debt Settlement partners are TASC member companies.

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