What kind of debts can be settled?
Debt Settlement programs focus on unsecured debts – those that are not tied to a physical asset such as a house, car or boat. In addition, some types of unsecured debt also do not qualify.
You can include the following types of debt in a New Era Debt Settlement Program:
- Credit cards
- Department store cards
- Signature loans
- Personal lines of credit
- Old repossessions
- Other unsecured debts
- Old judgments
- Private student loans in default
The following types of debt do not qualify:
- Home mortgages
- Federal student loans
- Car loans
- Other secured debts
- Credit Union debts
This list is not all-inclusive. Be sure to check with your New Era debt counselor.
