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.

Which Debts Should You Pay Off First?

Which Debts Should You Pay Off First?

Which Debts Should You Pay Off First?

Most everyone who has debt wants out of it, but that’s a huge task. One of the most common questions people ask themselves when they decide to tackle their debt is, “Where do I start?” All financial situations are different, making that question difficult to answer in simple terms. If you have one debt — perhaps… Read More

How to Get Debt-Free Before You Get Married

How to Get Debt-Free Before You Get Married

How to Get Debt-Free Before You Get Married

A few months ago, my friend Kaila called to invite me over to her house for dinner. We had made plans to meet up that night at one of our favorite local restaurants, but she explained over the phone that eating out didn’t fit into her budget any longer. She was trying to live very… Read More

The AT&T Bill That Just Wouldn’t Die

The AT&T Bill That Just Wouldn’t Die

The AT&T Bill That Just Wouldn’t Die

When you have a dispute over a bill with a company, sometimes it’s not enough to respond to a collections notice with evidence that the bill has been paid. Sadly, even if the collections firm appears to drop the matter it can still come up again, and again, and again. This is the tale of… Read More

The Holiday Package You Don’t Want to Get

The Holiday Package You Don’t Want to Get

The Holiday Package You Don’t Want to Get

The doorbell ringing around the holidays can often be a welcome sound: It could mean a neighbor is dropping off a plate of cookies or a gift is being delivered. But if you are in default on a debt, it could mean another type of delivery: a notice that you are being sued. Process servers,… Read More

Debt Collector Now Owes $33K to Woman Harassed Over $350 Debt

Debt Collector Now Owes $33K to Woman Harassed Over $350 Debt

Debt Collector Now Owes $33K to Woman Harassed Over $350 Debt

In what some people might find a satisfying turn of the tables, a debt collector has been ordered to pay a debtor $33,000 for harassing the woman over $350 of late payments on a used car, ABC News’ “20/20″ reports. Jessica Burke sued the collector, who operates under the pseudonym John Anderson, for violating her… Read More

How Much Will Your Holiday Debt Really Cost You?

How Much Will Your Holiday Debt Really Cost You?

How Much Will Your Holiday Debt Really Cost You?

Last year, the average holiday shopper spent $407 between Thanksgiving Day and Sunday, according to the National Retail Federation, but that’s sometimes just the beginning of end-of-year spending sprees. Let’s start with a simple scenario of how much this could really cost: You only spent that $407 and finished your holiday shopping during the Thanksgiving weekend, and… Read More

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

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