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 a debt collector contact family, friends, or co-workers in an attempt to find you? Yes, yes, and yes. But she or he can’t say very much. The Fair Debt Collection Practices Act offers consumers a wide set of protections about how collectors can go about their business. But it doesn’t prevent them from contacting... Read More
Paying off a debt can unfortunately be easier said than done. Usually the struggle is related to the debtor’s financial well-being. (You probably wouldn’t owe money if you could pay it back, right?) But there are times when a collector can gum up the works. You’ll want to, of course, verify all collection accounts before paying. But... Read More
While credit cards and personal loans may help you reach new financial opportunities, they also can weigh down your credit score and sometimes your life. It is important to build a good credit history over time, but it’s not necessary to always have debt in your life. So take charge of your spending, enact a... Read More
You just listened to the voice mail, and your heart is in your throat. A debt collector called. What now? Your next step could be the difference between a manageable bump in the road and a years-long nightmare. So here, we’re going to walk you through these critical first few moments. When a debt collector... Read More
Everything is bigger in Texas, especially if it has to do with football. Take, for example, the $62.8 million price tag attached to the future McKinney high school football stadium. You read that correctly: $62.8 million has been approved to construct a 12,000-seat high school football stadium. According to The Dallas Mornings News, the stadium... Read More
Struggling to pay off a mountain of debt can be a very stressful experience. It gets even worse when debt collectors enter the picture. The phone calls, the hounding, the past-due notices that flood your mailbox — they’re enough to make you silence your phone and ignore your mail. But burying your head in the... Read More
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
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
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
Q. I don’t earn enough to pay all my bills. I’ll either have to be late or skip payments for credit cards or student loans. Which is worse? — Drowning A. Missing payments on any debt is a bad thing. The best option, if at all possible, is to stay current on both, but you say your... Read More
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