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. Set up your custom action plan on Credit.com today and track your credit score progress as you pay off your debt.


Statute of Limitations On Debt Collection by State

How Long Do Creditors and Debt Collectors Have to Collect? Every state has a statute of limitations (SOL) that limits how long a creditor or debt collector can successfully collect a debt. Typically, the statute of limitations starts when you miss your first payment with the original creditor. It does not start when the account […] Read More

Do You Need a Debt Management Plan?

Struggling to pay your credit card bills each month only to discover your balances aren’t budgeting can be stressful. Falling behind, or finding yourself charging more on your credit cards just to stay afloat, can be overwhelming. If you find yourself in that “overwhelmed” category, a debt management plan may be a good option for […] Read More

3 Strategies for Dealing with Debt Collection Scammers

Getting a call from a debt collection agency telling you that you’ll be arrested, served with a lawsuit or subject to criminal charges if you don’t pay them right away can be frightening. Debt collection scammers know that, and it’s one reason they are able to get hundreds – even thousands – of dollars from […] Read More

How to Get Out of Debt: A Step-by-Step Guide to Financial Freedom

To get out of debt, you need a plan, and you need to execute that plan. But that can be easier said than done. It’s easy to become overwhelmed with all the steps you need to take. And it’s also easy to lose motivation if you don’t realize how much progress you’ve already made. You’ll […] Read More

How to Stop an IRS Bank Levy

Bank levies are one of the most powerful tools the IRS uses to collect tax debt. They can be devastating, making normal day-to-day living impossible. One moment your ATM card may be working fine, and the next minute it may stop working altogether. If you receive threatening letters from the IRS concerning your tax debt, […] Read More

How Much Debt is Too Much?

Borrowing money can be a useful financial and credit-building tool. It can allow us to attain financial goals, including going to college and buying a home or a car. It can also be very convenient and cost-effective to pay for various expenses on a low-interest rate credit card. But how much debt is too much […] Read More

3 Strategies for Consolidating Debt

Are you tired of juggling all your loans and credit card balances? These three debt consolidation strategies can help simplify your plan to get debt-free. 1. Consolidate Your Credit Cards Rather than pay five credit card bills each month, why not pay one? Consolidate all those smaller credit card balances onto a single card and […] Read More

3 Debt Consolidation Traps to Avoid

Looking for smart ways to consolidate credit card debt? Watch out for these three debt consolidation traps. 1. Forgetting to Pay Minimum Card Payments When consolidating your credit card balances on to a new card, don’t forget to pay the minimum payment on each of your credit cards. It may take up to two weeks […] Read More

5 Tips for Consolidating Credit Card Debt

Feeling weighed down by high-interest credit card balances? These debt consolidation tips can help. 1. Check Your Credit Review your credit reports and correct any errors. An error on your credit report could prevent you from qualifying for the debt consolidation help that you need. Credit.com’s free Credit Report Card can help you understand what’s […] Read More

How to Pay Off Credit Card Debt

Determined to knock out your credit card debt once and for all? These tips can help you move from debt-stressed to debt-free. Start With a Credit Reality Check Those credit card balances are weighing down more than your wallet. They may be dragging down your credit score, too. If you want to see how your […] Read More

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