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.

Why Lifestyle Inflation Is Killing Your Budget

Why Lifestyle Inflation Is Killing Your Budget

Why Lifestyle Inflation Is Killing Your Budget

Congratulations! You got a raise, came into an inheritance or sold your home for a profit. No matter what has brought more money into your budget, it’s important to manage that money wisely. Just because you have greater access to money doesn’t mean you should increase your spending accordingly. The Basics of Lifestyle Inflation Think back to your… Read More

Woman Sues Debt Collector, Wins $83 Million

Woman Sues Debt Collector, Wins $83 Million

Woman Sues Debt Collector, Wins $83 Million

A Missouri jury ordered a debt buyer to pay nearly $83 million to a Kansas City woman it pursued for a $1,000 credit card bill she didn’t owe, NPR affiliate KCUR reports. The jury found Portfolio Recovery Associates LLC guilty of violating the Fair Debt Collection Practices Act, for which it will pay $250,000 in damages,… Read More

4 Ways That Getting Out of Debt Can Go Terribly Wrong

4 Ways That Getting Out of Debt Can Go Terribly Wrong

4 Ways That Getting Out of Debt Can Go Terribly Wrong

Debt isn’t something that can be fixed quickly. It takes time, perseverance, commitment to self-improvement and sometimes, a lot of trial and error. Unfortunately, many people fail to realize this and wind up devising some terrible plans to get themselves out of debt. So, to help you from making the same mistakes, I’ve listed four… Read More

Paying Off Debt? How to Avoid Burning Out

Paying Off Debt? How to Avoid Burning Out

Paying Off Debt? How to Avoid Burning Out

When you have a large amount of debt, it can feel like you will never be free of it. Even if you get yourself motivated to pay it off, it can be hard to stay motivated. While living on a tight budget can seem doable in the short term, to succeed long term, it’s important… Read More

7 Tips for Negotiating Medical Bills

7 Tips for Negotiating Medical Bills

7 Tips for Negotiating Medical Bills

Can you imagine buying a car a piece at a time — and trying to figure out what the total cost is? One person sells you the tires, another a steering wheel — oh, and a specialist will give you a transmission. And you need an engine? The cost will depend on which network you’re… Read More

5 Reasons to Treat Your Debt Like an Emergency

5 Reasons to Treat Your Debt Like an Emergency

5 Reasons to Treat Your Debt Like an Emergency

Whether it’s credit card debt, student loans or personal loans that are burdening you, now is the time to pay them off for good. Although living in debt may seem to be the norm nowadays, it can hold you back from reaching your financial goals and living the way you want. Check out the list… Read More

The Little-Known Lifeline for People Drowning in Credit Card Debt

The Little-Known Lifeline for People Drowning in Credit Card Debt

The Little-Known Lifeline for People Drowning in Credit Card Debt

If you’re struggling to make payments on your bills, you may not know that you have options – including what’s typically called a hardship repayment program. These are programs that banks may offer directly to you, their account holder, if you express how unaffordable payments have become (vocally with a phone call, or behaviorally by… Read More

5 Unconventional Ways to Get a Loan

5 Unconventional Ways to Get a Loan

5 Unconventional Ways to Get a Loan

Whether you’ve been rejected for credit in the past or you are just interested in alternative loan methods, it’s nice to know that there are options out there aside form dealing with big banks. Getting rejected is never fun, and if you have bad credit, you know this all too well. Maybe you are starting or… Read More

10 States With the Highest Bankruptcy Rates

10 States With the Highest Bankruptcy Rates

10 States With the Highest Bankruptcy Rates

Every year, hundreds of thousands of Americans file for bankruptcy. Even though it damages the consumer’s credit for years and many people would do almost anything to avoid bankruptcy, it’s sometimes the best and fastest way for a debtor to recover from financial hardship. It’s not a decision to make lightly, but it’s also an… Read More

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