Managing Debt Learning Center

Our experts can help you understand how to get control over your debt -- the smart way. They share strategies for paying down your debt without hurting your credit score, negotiating with lenders, and dealing with debt collectors. They also highlight your rights as a borrower, explain your bankruptcy options, as well as give you an honest assessment of payday loans.


Medical Bill Nightmares

Medical Bill Nightmares

It could happen to anyone at anytime. A trip to the emergency room or bad news from your doctor could result in thousands of dollars in medical bills. Read More

Six Smart Alternatives to Payday Loans

Six Smart Alternatives to Payday Loans

A payday loan, or cash advance loan, is a short-term, high interest loan designed to be repaid within one or two pay periods. In return for the loan, the borrower either provides a post-dated check or direct debit authorization to their checking account. Read More

Life After Loan Denial

Life After Loan Denial

Uh oh, you've been turned down for a loan. What's the next step? Should you check your credit ? Figure out why you were turned down? Apply for a loan somewhere else? First you should relax and take a deep breath. Read More

Understanding Your Debt Collection Rights

Understanding Your Debt Collection Rights

You just gave a telemarketer your credit card number. Or you owe a bank money for your new car or family home. Read More

The Truth About Payday Loans

The Truth About Payday Loans

It seems like payday loan offers are everywhere these days. From the local strip mall to the Internet, the payday lending industry is booming. But what is a payday loan? Read More

Ten Tips For Negotiating With Creditors

Ten Tips For Negotiating With Creditors

If you are falling behind on your bills, your phone is probably ringing off the hook with calls from creditors and/or debt collectors. While the last thing you probably want to do is talk with them, you may find that they are willing to work with you. Read More

The Best Ways to Loan Money to Friends and Family

The Best Ways to Loan Money to Friends and Family

In reality, most of us are fairly generous people, and we want to help a family member or friend with a loan when we can. The other reality is that a person who can't borrow money from a traditional source (especially in today's easy credit environment) often has damaged credit or no credit, both of which make such a borrower a greater credit risk. Read More

Understanding Your Foreclosure Rights: A Consumer Law Review

Understanding Your Foreclosure Rights: A Consumer Law Review

Foreclosure is a legal process where a creditor (for example: a lender or mortgage holder) can repossess or sell property for the purpose of repaying the debt owed on that property. Read More

Top 10 Debt Collection Rights for Consumers

Top 10 Debt Collection Rights for Consumers

Feeling strapped for cash and falling behind on monthly bills is not a fun experience. Debt issues can be hard to manage. And a collection call from a persistent creditor can makes a challenging financial situation all the more stressful. Read More

Debt Consolidation: The Pros and Cons of Your Major Options

Debt Consolidation: The Pros and Cons of Your Major Options

Do you want to have fewer bills to pay each month and save money at the same time? Who doesn't?! But simply consolidating a bunch of debts at a lower interest rate won't necessarily get you there. Read More

Collections Crash Course

Collections Crash Course

The letters...the calls...dealing with collection agencies can be stressful. After all, it is their job to get you to pay up. But if you understand your rights under the Fair Debt Collection Act and learn a few negotiation tricks, you can take control of the situation. Read More

5 Steps to Reduce Your Debt: Do-it-Yourself Debt Reduction

5 Steps to Reduce Your Debt: Do-it-Yourself Debt Reduction

With a little dedication and prior planning, it is possible to reduce your debts on your own. Why pay debt counselors and consolidation agencies fees for things you can do yourself? Read More

Filing Bankruptcy: What You Need to Know About Chapter 7 vs. Chapter 11 vs. Chapter 13

Filing Bankruptcy: What You Need to Know About Chapter 7 vs. Chapter 11 vs. Chapter 13

If you are thinking about filing bankruptcy, there will be a lot of numbers involved: your income, debts, value of things you own (assets) and more. Three very important numbers will be 7, 11 and 13. They refer to the chapters of the bankruptcy code that your case may be filed under. Read More

How To Rebuild Your Credit After Bankruptcy

How To Rebuild Your Credit After Bankruptcy

A bankruptcy may be listed on your credit report for up to 10 years and there is a good chance your credit score will be rather low until you take the necessary steps to rebuild your credit. Read More

How to Choose a Credit Counselor

How to Choose a Credit Counselor

Stressed about your debts? Seeking help from a credit counselor may be just what you need to get your credit and your financial life back on track. Read More