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.

What a Typical Debt Collector Payment Plan Looks Like

What a Typical Debt Collector Payment Plan Looks Like

What a Typical Debt Collector Payment Plan Looks Like

When a debt collector has contacted you about a past-due debt and you are unable to pay the entire amount, or settle the account for less than the balance in a lump sum payment, you may have another option — a payment plan. A payment plan is not available on every account, but for those… Read More

What Would Higher Interest Rates Mean for You?

What Would Higher Interest Rates Mean for You?

What Would Higher Interest Rates Mean for You?

In recent years, we have been experiencing low interest rates and some of us may have even tuned out any of the Federal Reserve’s news and announcements. But right now, it is important to pay attention. Even if you have already heard about the coming rise in federal interest rates, you may not understand all of… Read More

What Happens to My Business in a Divorce?

What Happens to My Business in a Divorce?

What Happens to My Business in a Divorce?

Divorce can be stressful enough. Trying to figure out who gets what can make it even more stressful. And thinking about dividing an asset that isn’t readily divisible can sometimes scare people into staying in bad marriages, or maybe crawl into a cave somewhere. While divorce is never fun, the good news is that if… Read More

Could I Inherit My Loved One’s Debt?

Could I Inherit My Loved One’s Debt?

Could I Inherit My Loved One’s Debt?

Losing a loved one is never easy, and it’s only made harder when you’re left wondering how to deal with the debt they left behind. Studies show that more people are entering retirement with debt, increasing the likelihood that they’ll be leaving some of it behind when they pass away. But will you, as their… Read More

5 Emergency Options When You Need Cash… Right Now

5 Emergency Options When You Need Cash… Right Now

5 Emergency Options When You Need Cash… Right Now

Totaled your car? Had a medical emergency? Unexpected job loss? When you are strapped for cash, it may seem like there is nowhere to turn. In fact, there are a multitude of options when you need money and have used up (or never had) an emergency fund. Of course, the best option is to save up… Read More

80% of Americans Are in Debt

80% of Americans Are in Debt

80% of Americans Are in Debt

The vast majority of Americans are in debt, according to a report from Pew Charitable Trusts published in July. For the most part, that debt comes from what many people would call a good thing — homeownership. Of the 80% of Americans with debt, 44% have mortgage debt. Overall, the median debt load among Americans… Read More

What’s the Right Debt Payoff Plan for You?

What’s the Right Debt Payoff Plan for You?

What’s the Right Debt Payoff Plan for You?

Behind on student loan payments? Caught up in credit card debt? Being hounded about personal loans? It can be difficult to decide where to start and how to make the biggest dent in your financial obligations, but you probably know you should. Not everyone is in the same financial situation, not everyone even has the… Read More

How My Wedding Helped Me Be a Better Saver

How My Wedding Helped Me Be a Better Saver

How My Wedding Helped Me Be a Better Saver

Keeping a wedding on budget is hard work, but not impossible. I can attest to that — I got married in April and I was able to do it without going into debt. In fact, I saved too much and ended up ahead of the game. First, a few caveats. My husband and I had some… Read More

Can I Walk Away From My House After Bankruptcy?

Can I Walk Away From My House After Bankruptcy?

Can I Walk Away From My House After Bankruptcy?

Bankruptcy and foreclosure can each have serious negative consequences for your credit scores. But what if you experience one and then the other? Is it a double-whammy? Our reader Brent went through bankruptcy nearly seven years ago, and did not reaffirm his mortgage. But he continued to make his mortgage payments, and is still living… Read More

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