Debt Management

According to the Federal Reserve Bank of New York, household debt now totals $16.90 trillion, $986 billion of which is on credit cards. If your debts are causing you serious stress, you must take action. Debt settlement and Debt Management Plans are two of your leading options for dealing with unsecured debts like credit card […]

Delinquent debts are still an unfortunate reality in the United States. Over the ten years ending in 2021, the delinquency rate on consumer loans averaged roughly 2.3%, though it reached 4.85% during the recession of 2009. In a country with over 330 million citizens, a significant number of people fall behind on their debts each

There are 43.2 million student loan borrowers in the United States, each with an average balance of $39,351. And federal student loan interest rates have risen to the highest level in a decade. It’s difficult to keep up with such large amounts of debt, especially when you’re just starting out. But what happens to the

According to the National Center for Health Statistics, there were 2.1 million marriages in the United States in 2018. Most people who get married don’t even think about what happens to their credit after they say “I do.” But marriage will affect your credit score – for better or worse. Will your spouse’s debt become

It can be scary and intimidating when the debt collector calls. Their threats are designed to make you pay, so they say things like “We can take you to jail,” or “We’re going to sue you and garnish your wages,” or even “When you go to jail, Child Protective Services will take your children away.”

If you’ve gotten too far behind on bills, debt collectors might start bugging you. And debt collectors generally are allowed to contact you about overdue debts. But there are a number of things they’re not allowed to do. As a consumer, it’s important that you understand what debt collectors can and cannot do, and luckily,

Paying off debt can be one of the biggest challenges in all of personal finance. Credit cards, student debt, and payday loans are all designed to trap you in a loop of endless minimum payments. But as long as you stay disciplined, it is possible to escape. All you need is the right debt repayment

Here are some of the most important financial terms you need to know: Adverse credit history:  A credit history that shows regular late or missed payments on one or more loans or lines of credit. It can also be used to describe a credit history that includes default judgments against an applicant, bankruptcy … basically

Many people think all debt is bad debt, but there are times when debt can be helpful. It may not always be easy to distinguish between good debt and bad debt. However, learning the differences can make it easier to determine whether your money’s going where it should or not. If you’ve ever wondered about