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.

5 Get-Out-of-Debt Strategies That Can Backfire

5 Get-Out-of-Debt Strategies That Can Backfire

5 Get-Out-of-Debt Strategies That Can Backfire

More often than not, debt and desperation go hand-in-hand. With the amount of strain debt can put on your wallet and your life, it’s no wonder why so many people find themselves searching for quick fixes. Unfortunately, there is no magic wand to make your debt disappear. If you think you’ve found a fast solution… Read More

Citizens Offered Up to $1 Million to Bust Software Pirates

Citizens Offered Up to $1 Million to Bust Software Pirates

Citizens Offered Up to $1 Million to Bust Software Pirates

When you were a kid, you may have heard that nobody likes a tattletale. That isn’t true. BSA The Software Alliance loves tattletales. If you report software piracy to BSA and your information directly results in a legal settlement between the alliance and the offending party, you can get a significant cut of that settlement…. Read More

Yikes! Woman Gets $153,000 Bill From Debt Collector

Yikes! Woman Gets $153,000 Bill From Debt Collector

Yikes! Woman Gets $153,000 Bill From Debt Collector

A Texas woman says she has been dealing with a debt collection fiasco for months, all because of a clerical error. The woman, identified in the local news report by only her first name, Yolanda, said she received a debt collection bill for $153,000 in September and has been struggling ever since to figure out why… Read More

Can I Deal With a Debt Collector Over Email?

Can I Deal With a Debt Collector Over Email?

Can I Deal With a Debt Collector Over Email?

Over the past 25 years, the way individuals communicate with each other has changed dramatically. From telephone calls and faxes to emails and text messages, advancements in technology have made it much easier for individuals to get in touch with one another. Today, individuals communicate through text messages and emails more than they do through telephone calls. Businesses… Read More

Debt Collector ‘Boiler Rooms’ Threatened Arrest, FTC Says

Debt Collector ‘Boiler Rooms’ Threatened Arrest, FTC Says

Debt Collector ‘Boiler Rooms’ Threatened Arrest, FTC Says

The voicemail would be enough to give anyone chills. “Hello, this is Detective Jeff Ramsey. I am attempting to touch bases with (you)… I will be back out to your place of residence … between the hours of 4 and 6 p.m. You are to have two forms of identification, no firearms or narcotics or loose… Read More

I’m Worried About Calling a Debt Collector. What Should I Do?

I’m Worried About Calling a Debt Collector. What Should I Do?

I’m Worried About Calling a Debt Collector. What Should I Do?

Dealing with debt collectors can be a scary prospect. If you have ever dealt with an overly aggressive and abrupt collector, your preference for avoiding a repeat call can be understandable. Perhaps you’ve never had to call a collector, but having done some research online, are concerned you could be subjected to similar experiences that… Read More

How I Got Out of $63,000 of Credit Card Debt

How I Got Out of $63,000 of Credit Card Debt

How I Got Out of $63,000 of Credit Card Debt

Sleepless nights.  A knot in the pit of the stomach. A gnawing sense of unease. Charles Phelan was familiar with the physical and emotional toll of debt. But usually it was his clients who were experiencing those symptoms. This time, it was his turn. He owed more than $50,000 in credit card debt and knew… Read More

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