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.

How to Figure Out How Much Debt You Really Have

How to Figure Out How Much Debt You Really Have

How to Figure Out How Much Debt You Really Have

Between student loan payments, a monthly mortgage (or your rent), credit card bills and maybe even an old gym membership that somehow (whoops) went to collections, it can be all-too-easy to lose track of how much debt you actually have on the books. Fortunately, there are steps you can take to tally up all the red... Read More

Snap a Pic, Pay a Bill: A New App That Can Keep You From Missing Payments

Snap a Pic, Pay a Bill: A New App That Can Keep You From Missing Payments

Snap a Pic, Pay a Bill: A New App That Can Keep You From Missing Payments

Just when you thought your smartphone couldn’t be any more versatile, a new app has been introduced to streamline the entire bill payment process. Plastiq (pronounced ‘plas-tik,’ not ‘plas-teek’) allows consumers to pay bills on everything from rent and utilities to insurance, car payments, taxes and even tuition. The user can schedule payments instantly or implement the ‘Bill... Read More

This Ridiculously Cute Ad Gives a Dog a Credit Card

This Ridiculously Cute Ad Gives a Dog a Credit Card

This Ridiculously Cute Ad Gives a Dog a Credit Card

Credit card debt has never been so adorable. A new ad for Canadian debit card program Interac features Max, an Australian Shepherd with a love of Kobe beef sliders, dog bones and plush toys … and a big problem with spending. As the (fictional, just to be clear) story goes, Max learns how to use the internet,... Read More

5 Reasons Not to Be Embarrassed About Your Debt

5 Reasons Not to Be Embarrassed About Your Debt

5 Reasons Not to Be Embarrassed About Your Debt

Debt is a delicate subject. If you have $100,000 in debt, is that a good thing or a bad thing? If it’s a mortgage, it might be good. If it’s a mortgage on a house that’s underwater, it might be bad. If it’s a high interest credit card balance, it might be really bad. Here’s... Read More

10 Lies I Told Myself About Debt

10 Lies I Told Myself About Debt

10 Lies I Told Myself About Debt

We hear it over and over: “Debt is bad! Don’t get into debt!” But while we know this, many of us don’t listen. I don’t know why. Even I knew better and lead myself down a path of financial ruin. (Thankfully, I’ve recovered and won’t allow it to happen again) The thing is, I fell... Read More

Will the Obama Administration Side With Debt Collectors?

Will the Obama Administration Side With Debt Collectors?

Will the Obama Administration Side With Debt Collectors?

With the Supreme Court in flux, the highest authority in U.S. law has punted a landmark case over to the executive branch, effectively asking it to decide whether debt collectors can charge interest rates so high they’re deemed illegal in some states. In Madden v. Midland Funding, LLC., a debt collection company purchased the plaintiff’s... Read More

Debt Collectors Calling About a Debt You Don’t Owe? You’re Not Alone

Debt Collectors Calling About a Debt You Don’t Owe? You’re Not Alone

Debt Collectors Calling About a Debt You Don’t Owe? You’re Not Alone

It’s no surprise that consumers don’t like debt collection companies very much. It is a surprise, however, that complaints against them keep mounting, even after federal regulators sue firms for the very things consumers complain about — trying to collect on debts that don’t exist, calling at odd hours, contacting workplaces, and so on. The... Read More

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