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.
Moving to a new place can bring a lot of fresh starts, but will it help wipe your debt slate clean? Many commenters getting ready to relocate to another state have asked whether a judgment in their old one will still stand, once they have moved. Unfortunately, unlike a ratty old couch or all those terrible holiday... Read More
So you made it to the finish line. You are officially divorced and ready to start your new life. Welcome to your new chapter! If you are like many people, you may feel as if you’ve been put through the emotional wringer. It’s likely been a long haul that left you feeling raw and vulnerable.... Read More
Most of us will take on debt at some point in our lives. Whether it is a mortgage, student loan, credit card or personal loan, borrowing money can cause stress. Less debt always sounds like a good idea, but this can be a bigger challenge than we realize. And avoiding debt completely may not even be... Read More
While budgets are incredibly helpful for maintaining financial wellness, they’re not something you can simply set and forget. Throughout our lives we may find ourselves in situations that will, for better or worse, influence how much we’re able to spend or save. Because of this, it’s important to be able to identify these moments and... Read More
A Credit.com reader recently reached out to us wanting to help her daughter, whose credit is being trashed because of a medical bill from when she was a teenager — old enough to be held financially responsible, but not old enough to consent to treatment. Here’s what she told us: My daughter received care at age 18... Read More
The credit bureaus are worried about the $265 billion of home equity lines of credit (HELOCs) that will enter repayment mode in the next few years, and so am I. Many American homeowners made it through the Great Recession unscathed (for the most part at least), but are now sitting on a HELOC that is... Read More
Consumers are often shocked by the amount of information debt collectors have about them — including, sometimes, the amount of available credit on their credit card accounts, or that they recently paid another past-due debt. But how do debt collectors find that out? One way is by checking the debtor’s credit reports, sometimes years after they defaulted on... Read More
About four years ago, Brett Carrington left medical school with nearly $75,000 of student loan debt. That isn’t that much, compared to some med students. The problem was he left with debt and no degree, leaving him without the lucrative career path that could make such a large debt load tolerable. “Medical school didn’t work out,... Read More
Credit cards are one of the easiest ways to borrow money. Simply pull out the plastic, and charge whatever you need. But easy isn’t always best. In fact, there are times when a personal loan trumps a credit card. Here are five of them: 1. You Need a Debt-Free Date A friend recently complained that he... Read More
What is the difference between 11 and 6? The average number of years spent in school for a physician vs. the average master’s degree student. It also represents a time of little to no pay and long hours in the hopes of a promising career for either person. The only difference? The physician may have... Read More
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