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.

Nation’s Biggest Buy-Here, Pay-Here Dealer Fined $8 Million

Nation’s Biggest Buy-Here, Pay-Here Dealer Fined $8 Million

Nation’s Biggest Buy-Here, Pay-Here Dealer Fined $8 Million

It’s been a bad week for debt collectors who employ questionable tactics. The largest buy-here, pay-here car dealer in the nation must pay an $8 million civil penalty after an investigation by federal authorities found it had repeatedly harassed consumers and furnished incorrect information to credit bureaus. DriveTime Automotive Group offers car purchase agreements that… Read More

Family Faces $1M Medical Bill For Having a Baby on Vacation

Family Faces $1M Medical Bill For Having a Baby on Vacation

Family Faces $1M Medical Bill For Having a Baby on Vacation

Vacation can be expensive. So is having a baby. Therefore, having a baby while on vacation is unlikely to be a cheap adventure. A Canadian couple can tell you all about that. Jennifer Huculak and her husband were vacationing in Hawaii in October of 2013 when she suddenly went into labor, CTV News reports. She was six months… Read More

How This 28-Year-Old Paid Off $81K in Debt

How This 28-Year-Old Paid Off $81K in Debt

How This 28-Year-Old Paid Off $81K in Debt

As a kid, Austin Netzley remembered being enthralled with the concept of money and promising himself that one day he’d be wealthy. And now, at 28, by most people’s measure, he is. He’s been an athlete, student, engineer and entrepreneur. And now, with his book “Make Money, Live Weathy,” he’s also an author and speaker…. Read More

When You’re Most Likely to Get a Call From a Debt Collector

When You’re Most Likely to Get a Call From a Debt Collector

When You’re Most Likely to Get a Call From a Debt Collector

’Tis the season for consumers to get prepared for the two busiest and most expensive holidays of the year, Thanksgiving and Christmas. ’Tis is also the season when debt collectors begin the process of preparing their training plan and strategies for their busiest and most productive time of each year: tax season. For debt collectors,… Read More

What Happens When the Government Doesn’t Pay Its Credit Cards?

What Happens When the Government Doesn’t Pay Its Credit Cards?

What Happens When the Government Doesn’t Pay Its Credit Cards?

Some consumers in Tennessee are dealing with unpleasant credit card bills — the school district’s. Bills for district-issued employee credit cards have regularly gone unpaid, accruing interest and late fees that will ultimately need to be satisfied with taxpayer dollars, a local news station reported. WBIR 10 News requested financial records for the Knox County… Read More

Can a Debt Collector Fax My Employer?

Can a Debt Collector Fax My Employer?

Can a Debt Collector Fax My Employer?

A reader, Joanne, wrote to us concerned because a debt collector had sent a fax to her employer, and right at the top of the fax was her Social Security number, available to anyone who happened to grab it from the fax machine. Here’s what she asked: Can the debt collection agency send a fax to… Read More

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