Debt
Latest in Debt
Should I File For Bankruptcy?
Statute of Limitations on Debt
What Are the Consequences of a Foreclosure?
What Is Bankruptcy?
How to Handle a Debt Settlement Offer
All Articles about Debt
Types of Bankruptcy
Filing for bankruptcy is a stressful financial decision, and it can be confusing to determine which type of bankruptcy is best for your situation. Based on your circumstance, filing for the right type of bankruptcy can help you get ...
Should I File For Bankruptcy?
The decision of whether you should file for bankruptcy is daunting. It is understandable to feel anxiety and uncertainty about your circumstances. Filing bankruptcy is a lofty decision with consequences, but it can be an important s...
Statute of Limitations on Debt
Here’s some good news if you’re struggling with debt: As time passes, your old bills can lose some of their power to hurt you. This is true, in part, because of your state’s statute of limitations laws. Let’s learn more. Table of Co...
What Are the Consequences of a Foreclosure?
Purchasing a home is one of the most exciting events in life, a benchmark moment that often comes as the result of years of hard work and determination. As you sign the closing papers on this momentous day, chances are you aren’t th...
What Is Bankruptcy?
If you get too deep in debt, your income collapses, or you experience a major life crisis, you may need to consider bankruptcy. It’s a difficult process, but it may be completely necessary if you see no way out of your current debt ...
How to Handle a Debt Settlement Offer
A debt settlement offer to pay off a credit card with less money than what you owe can seem like a gift. Settling a $6,000 credit card bill for $4,000, for example, leaves you with $2,000 in debt that you don’t have to pay. Instead ...
Does It Matter Which Debts You Pay Off First?
Having too many debts can be overwhelming. Which do you pay first? Does it matter? Should you pay the creditor that screams the loudest first? Not necessarily. What Debt Should I Pay Off First? While Dave Ramsey’s debt snowbal...
The Complete Guide on How Debt Impacts Your Credit Score
The average indebted household that doesn’t pay credit cards in full each month carries $8,683 in credit card debt. Eventually, that debt affects the card members’ credit scores. A credit score impacts the ability to borrow money, l...
How to Negotiate a Settlement With Collection Agencies
Debts from student loans, credit cards, healthcare, mortgages, auto loans and other daily bills of life can add up. Sometimes a debt collector may be called to ask you for the money owed. Negotiating a settlement with a collection a...
Pros and Cons of the Debt Snowball Method
When trying to pay off debt, it can help to have a plan. Instead of paying credit cards, car loans, medical bills, and other debts in random amounts each month or splitting your total payment evenly toward them, a plan such as a “de...