Managing Debt

We want to help you get control of your debt. Get advice from our experts on strategies for paying down your debt without hurting your credit score, negotiating with lenders, and managing interactions with debt collectors. We also explain bankruptcy options, your rights as a borrower and what you can and cannot do with student loan debt. Also, get inspiration from other readers who have managed to go debt-free.

I Lost $70K Playing Fantasy Football

I Lost $70K Playing Fantasy Football

I Lost $70K Playing Fantasy Football

Alex Stein loves watching football, playing football and betting on football. That last activity has emerged as his favorite over the years, and at times it has been a lucrative pastime. He just has one problem: The Dallas Cowboys. “It kills my fantasy team, because I always draft the Cowboys,” Stein said. “I can’t bet… Read More

The Charity That’s Taking On Debt Collectors

The Charity That’s Taking On Debt Collectors

The Charity That’s Taking On Debt Collectors

The Samaritan Center in Jefferson City, Missouri cares for the poor by providing groceries, free medical and dental care, Christmas gifts and Halloween costumes for kids….and lawyers to fight off debt collectors. It might seem strange that what started as a food bank for that state’s capital city has turned into a pseudo law firm,… Read More

6 Things Debt Collectors Wish You Knew

6 Things Debt Collectors Wish You Knew

6 Things Debt Collectors Wish You Knew

I’m a debt collector whose job it is to work on behalf of creditor clients to recover rightfully owed debts from consumers. The work debt collectors do is not popular, and has become increasingly derided by those who don’t like what we do or simply don’t know the facts about debt collection. Too often, debt… Read More

Who’s Most Likely to Have Their Wages Garnished?

Who’s Most Likely to Have Their Wages Garnished?

Who’s Most Likely to Have Their Wages Garnished?

More than one in 10 workers ages 35 to 44 had their wages garnished in 2013, mostly for child support and consumer debt, according to a report from human resources management firm ADP. People in that age bracket tend to have large debt loads, go through divorce and raise their children, stretching thin some workers’ finances,… Read More

I Was Hospitalized Against My Will. Should I Have to Pay?

I Was Hospitalized Against My Will. Should I Have to Pay?

I Was Hospitalized Against My Will. Should I Have to Pay?

When police came to John Albers’ door one night in June, he could not have been more surprised. When they told him that they were taking him to a nearby psychiatric facility because they had been told he was in danger of hurting himself, he was irritated and said he was fine, but they insisted… Read More

Help! I’m Getting Debt Collection Calls for Someone Else

Help! I’m Getting Debt Collection Calls for Someone Else

Help! I’m Getting Debt Collection Calls for Someone Else

The phone calls just won’t stop. They begin 8:31 a.m. and end at 8:29 p.m. Alicia Figluizzi has been hounded by debt collectors for months. And every interruption, every menacing call, is a call for the wrong person. Those who call are looking for a woman named “Shaunda.” The calls have clogged her landline phone… Read More

How to Tell If You’re Talking to a Fake Debt Collector

How to Tell If You’re Talking to a Fake Debt Collector

How to Tell If You’re Talking to a Fake Debt Collector

Debt scares people. Losing money is pretty terrifying, too, so getting a call from a debt collector and paying what he says you owe, only to find out you’ve been scammed out of your money, is pretty much a nightmare. It happens all the time. Debt collection scams are successful because the people impersonating collectors… Read More

How I’m Repaying $60K in Credit Card Debt

How I’m Repaying $60K in Credit Card Debt

How I’m Repaying $60K in Credit Card Debt

Yvette knows she didn’t just wake up one morning hopelessly in debt. She and her husband had good jobs — she is a hospital administrator and he is a property manager — and good incomes. The debt built slowly, over about seven years, and with a series of money decisions like, “we need to book… Read More

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