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.
Does being surrounded by people in debt make you more likely to land in debt? That’s one of the provocative questions posed by a new Urban Institute report that examines possible links between geography, neighborhood characteristics and unpaid bills. While one-third of Americans have a debt in collections on their credit report, that burden is not... Read More
People who can’t qualify for a loan, credit card or rental housing on their own are often told the same thing: Get a co-signer. It sounds like such a easy solution, but there’s nothing simple about tying your credit rating to someone else’s payment habits or being on the hook for a loan someone else... Read More
Anyone who’s reviewed their health insurance statements is well-acquainted with just how high medical bills can climb. Now, a new analysis from TransUnion found that consumers are increasingly being asked to shoulder the costs. Per the credit bureau, patients saw a 13% rise in both deductible and out-of-pocket maximum costs between 2014 and 2015. The average deductible for consumers in 2015 was... Read More
When John Oliver announced Sunday night that he’d purchased medical debts as a faux collector and forgiven those debts, the Last Week Tonight host’s actions led to a serious question: Couldn’t this strategy be used on a wide scale? After all, Oliver managed to forgive about $15 million in debt for only $60,000. It’s a clever... Read More
Medical debt affects many lives. And repaying it gets complex and stressful when that debt is sent to collections. On Sunday’s Last Week Tonight, host John Oliver tackled the issue of medical debt in an unexpected way. “Clearly, if you have debts, you should pay them if you can,” he starts off in the segment. “But many people can... Read More
Can a debt collector contact family, friends, or co-workers in an attempt to find you? Yes, yes, and yes. But she or he can’t say very much. The Fair Debt Collection Practices Act offers consumers a wide set of protections about how collectors can go about their business. But it doesn’t prevent them from contacting... Read More
Paying off a debt can unfortunately be easier said than done. Usually the struggle is related to the debtor’s financial well-being. (You probably wouldn’t owe money if you could pay it back, right?) But there are times when a collector can gum up the works. You’ll want to, of course, verify all collection accounts before paying. But... Read More
While credit cards and personal loans may help you reach new financial opportunities, they also can weigh down your credit score and sometimes your life. It is important to build a good credit history over time, but it’s not necessary to always have debt in your life. So take charge of your spending, enact a... Read More
You just listened to the voice mail, and your heart is in your throat. A debt collector called. What now? Your next step could be the difference between a manageable bump in the road and a years-long nightmare. So here, we’re going to walk you through these critical first few moments. When a debt collector... Read More
Everything is bigger in Texas, especially if it has to do with football. Take, for example, the $62.8 million price tag attached to the future McKinney high school football stadium. You read that correctly: $62.8 million has been approved to construct a 12,000-seat high school football stadium. According to The Dallas Mornings News, the stadium... Read More
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