How Much Is To Much Debt?
Debt is a part of life for many people, but when does it become too much? Debt can be a valuable tool for managing your finances, but too much debt can quickly become overwhelming....
Category: Consumer Debt
What happens to your debt after you die?
What happens to debt after someone dies can be a complex issue, with many factors influencing the outcome. In the United States, there are various laws and regulations that dictate how different types of...
The Negative Consequences of Credit Card Debt
Credit card debt is a prevalent issue that affects millions of people worldwide. The ease of swiping a credit card can make it easy to overspend, and the high-interest rates associated with credit cards...
Compare Debt Settlement Pros and Cons
The term debt settlement comes from the idea that the creditor agrees to “settle” your account, and generally includes the closing of the account. Is debt settlement ever a legitimate and viable option? Yes,...
Medical Debt to be Eliminated by Credit Agencies
Three of the country’s largest credit reporting agencies are removing nearly 70% of medical debt from consumer credit reports, the companies announced in a joint statement Friday. Equifax, Experian and TransUnion will eliminate billions of dollars from the...
Overcoming Debt When You Are Overwhelmed
Overcoming debt when you are overwhelmed by it is no small task. If you cannot resolve your credit problems alone or need additional assistance, you may wish to contact an agency like the Consumer...
Debt Collection-What Is and Isn’t Illegal
If you have a credit card and are behind on your payments, you may have heard from debt collectors more than once, reminding you that you are late with your payment. Most times, you...
Credit Card Debt and Stress
The relationship between stress and credit card debt is a very close and, unfortunately, widespread one. A Public Interest Research Group and Consumer Federation of America analysis has revealed some hard truths. The average...
Consider Debt Consolidation to Improve Your Credit
Even though you may have a bad credit history, debt consolidation may be a way for you to take charge of and improve your credit. For most people, being in debt is just a...
Bad Credit-Understanding The Situation
Before you begin the process of repairing your credit, you first need to ask yourself why you are having credit problems? Understanding how your problem occurred will help you better understand how you can...