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.

Top Money-Saving Tips and Tricks to Beat 2020 Holiday Debt

Top Money-Saving Tips and Tricks to Beat 2020 Holiday Debt

Top Money-Saving Tips and Tricks to Beat 2020 Holiday Debt

Between Santa shenanigans, special foods, long-distance travel and treats, holiday spending adds up quickly—and so does holiday debt. In 2019, shoppers in the US spent 3.4% more than they did in 2018. Unsurprisingly, they also ended up owing 8% more—roughly $1,325 per adult in 2019 versus just over $1,000 per adult in 2018. Unfortunately, holiday... Read More

9 Apps That Will Help You Manage Your Debt

9 Apps That Will Help You Manage Your Debt

9 Apps That Will Help You Manage Your Debt

Debt can feel like a terrible thing, but paying off your debts is how you demonstrate that you can successfully manage your finances. Whether you make your debt payments on time makes up 35% of your credit score. Making on-time payments is one of the smartest ways to use your debt to your advantage. If... Read More

Can a Debt Collector Collect After 10 Years?

Can a Debt Collector Collect After 10 Years?

Can a Debt Collector Collect After 10 Years?

Whether you have medical debt, credit card debt or unpaid student loans, getting calls or letters from debt collection companies can be frustrating. But it’s especially frustrating if your debt is several years old. If you have debt on your credit reports or are getting calls from a collection agency, you might wonder how long a debtor can try to collect... Read More

Don’t Let Debt Ruin the Holidays: Proactive Steps

Don’t Let Debt Ruin the Holidays: Proactive Steps

Don’t Let Debt Ruin the Holidays: Proactive Steps

According to numbers for the 2018 holiday shopping season, American shoppers incurred an average debt of just over $1,000. And not everyone could pay that debt off quickly, leading to expensive, long-term credit card debt for some. But holiday shopping debt isn’t the only financial burden people face. Many enter the season with other debt.... Read More

Can Debt Collectors Call on Holidays?

Can Debt Collectors Call on Holidays?

Can Debt Collectors Call on Holidays?

When you’re in debt, getting calls from debt collectors is common. But can debt collectors call on holidays? Although there are no regulations that specifically make calling on holidays illegal, there are regulations that prohibit debt collectors from contacting consumers at unusual or known inconvenient times.  Find out more about the answer to this common... Read More

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