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.

6 Big Mistakes People Make When Settling Debt

6 Big Mistakes People Make When Settling Debt

6 Big Mistakes People Make When Settling Debt

If you can’t pay back a debt you may be able to settle it for less than what is owed. The goal in doing so is pretty straight forward — you want to get the creditor to accept a lower payment amount than the current balance on the loan or account. However, getting there can... Read More

Can I Use One Loan to Pay Off Another?

Can I Use One Loan to Pay Off Another?

Can I Use One Loan to Pay Off Another?

Many of us have been there. Just when debt payments seem to storm down on you in an insurmountable way, you receive an offer for a lower interest loan or credit card. Sometimes the offer comes with 0% interest for a certain period of time. Sometimes, the line of credit extended is enormous. At least... Read More

How We’re Cutting Back Now to Have More Later

How We’re Cutting Back Now to Have More Later

How We’re Cutting Back Now to Have More Later

Despite having 13 years of combined experience in financial services when we first started dating, we had a combined total of $51,000 in credit card debt. The old saying, “the cobbler’s kids have no shoes,” could apply, except that was part of the problem. We had lots of really nice shoes. After we paid off... Read More

What Do I Do About My Disabled Family Member’s Debt?

What Do I Do About My Disabled Family Member’s Debt?

What Do I Do About My Disabled Family Member’s Debt?

Q: After 30 years of epileptic seizures, my 45-year-old sister had brain surgery last July, but suffered a stroke during surgery, leaving her paralyzed on her right side and with mental limitations. She has been unable to work and is on disability. Paying all the medical bills is difficult enough but she also has $40,000... Read More

Who Is Responsible for My Debt When I Die?

Who Is Responsible for My Debt When I Die?

Who Is Responsible for My Debt When I Die?

Debt is persistent. In many cases, not even death can erase it, and you can rest assured your creditors will attempt to collect what you owe when you pass away. You may be worried that, upon your death, your outstanding debt could negatively affect your loved ones. The parties responsible for your debt depend on... Read More

50 Ways to Stay Out of Debt

50 Ways to Stay Out of Debt

50 Ways to Stay Out of Debt

Here are 50 smart spending habits, budgeting tips, money-saving strategies and more that can help you stay out of debt... Read More

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