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.

Can I Use One Loan to Pay Off Another?

Can I Use One Loan to Pay Off Another?

Can I Use One Loan to Pay Off Another?

Many of us have been there. Just when debt payments seem to storm down on you in an insurmountable way, you receive an offer for a lower interest loan or credit card. Sometimes the offer comes with 0% interest for a certain period of time. Sometimes, the line of credit extended is enormous. At least... Read More

How We’re Cutting Back Now to Have More Later

How We’re Cutting Back Now to Have More Later

How We’re Cutting Back Now to Have More Later

Despite having 13 years of combined experience in financial services when we first started dating, we had a combined total of $51,000 in credit card debt. The old saying, “the cobbler’s kids have no shoes,” could apply, except that was part of the problem. We had lots of really nice shoes. After we paid off... Read More

What Do I Do About My Disabled Family Member’s Debt?

What Do I Do About My Disabled Family Member’s Debt?

What Do I Do About My Disabled Family Member’s Debt?

Q: After 30 years of epileptic seizures, my 45-year-old sister had brain surgery last July, but suffered a stroke during surgery, leaving her paralyzed on her right side and with mental limitations. She has been unable to work and is on disability. Paying all the medical bills is difficult enough but she also has $40,000... Read More

Who Is Responsible for My Debt When I Die?

Who Is Responsible for My Debt When I Die?

Who Is Responsible for My Debt When I Die?

Debt is persistent. In many cases, not even death can erase it, and you can rest assured your creditors will attempt to collect what you owe when you pass away. You may be worried that, upon your death, your outstanding debt could negatively affect your loved ones. The parties responsible for your debt depend on... Read More

50 Ways to Stay Out of Debt

50 Ways to Stay Out of Debt

50 Ways to Stay Out of Debt

Here are 50 smart spending habits, budgeting tips, money-saving strategies and more that can help you stay out of debt... Read More

Insured Woman Gets $18K Bill for Using an In-Network Doctor

Insured Woman Gets $18K Bill for Using an In-Network Doctor

Insured Woman Gets $18K Bill for Using an In-Network Doctor

“I’ve always paid my bills. I had excellent credit.” That’s Nancy Gomez speaking with CBS Los Angeles about her ordeal. She’s a Californian with PPO insurance — and thousands of dollars in medical debt. Though Gomez is fully insured, she says she received an $18,000 bill for a treatment with an Encino pain specialist in her network,... Read More

Can a Debt Management Plan Hurt My Credit?

Can a Debt Management Plan Hurt My Credit?

Can a Debt Management Plan Hurt My Credit?

It’s pretty rare that anyone gets excited about receiving their monthly credit card statements. But if opening yours fills you with more dread than going on a questionable Tinder date, it may be a problem. Perhaps it’s time you consider a helpful solution, like a debt management plan (and swiping left). What Is a Debt... Read More

Show Me More

Certain credit cards and other financial products mentioned in this and other articles on Credit.com News & Advice may also be offered through Credit.com product pages, and Credit.com will be compensated if our users apply for and ultimately sign up for any of these cards or products. However, this relationship does not result in any preferential editorial treatment.