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Category Archives: Debt

Find information on how to deal with various types of debt. This category can cover many debt examples such as credit cards, pay day loans, student loans, mortgages, automotive loans, and others.

Paying Off Holiday Credit Card Debt

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Using credit cards to make your holiday purchases may not be the wisest thing to do, yet on average, it adds nearly $1000 to the balance of many credit card holders. At an average interest rate of about 13.93%, that means you will pay an extra $350 for those purchases. Higher interest rates, of course, Continue Reading

Student Loans and Older Americans – Is This A Growing Demographic?

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When the term “student loan crisis” is brought up, the image that most often comes to mind is that of a young person who still has their best earning potential ahead of them. While many of those very people do indeed struggle with student loan debt, it now seems that older Americans, particularly those aged Continue Reading

Statute of Limitations on Debt

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Did you know that there is a legal limit to the number of years that a creditor has the legal right to sue you? Whether it’s credit card debt or medical bills, that debt becomes “time-barred” if the statute of limitations has passed. Creditors can still attempt to collect the debt by the usual means, Continue Reading

Eliminating Debt in Retirement

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Are you retired or considering retiring soon? If debt is a major issue that is keeping you from enjoying retirement or preventing you from retiring, consider a bankruptcy to help relieve you of your debt to help you achieve your retirement goals. A bankruptcy can eliminate several types of consumer debts including credit card debt, Continue Reading

Pay the Highest Interest Rate First

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If you are looking to eliminate your debt by making payments towards various types of debt like credit cards, auto loans, student loans, cash advance loans, or any others, a good strategy to follow is to try to contribute to your highest interest rate debts first. Prioritizing higher interest rates can help you relieve all Continue Reading

Late Payments on Credit Card Debt

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Late payments? Are you looking for direction on what to do about late payments on high interest credit card debt? If you are getting calls for late payments by your credit card company and threats to take you to court, you need to know your rights and how to deal with this situation. If you Continue Reading

Why Is It Important To Manage Debt While You Can?

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This article from Market Watch describes 62% of Americans as unable to handle emergency financial situations: Market Watch: Most Americans Are One Paycheck Away From The Street You can prevent yourself from this situation by managing your debt today. Don’t wait until you are in an emergency situation before you manage your debt. If you Continue Reading

Student Loans and Student Loan Debt Resolution Companies

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Firms Popping Up For Student Loan Help Student loan debt is now up to about $1.2 trillion in outstanding debt in the United States. The 4 million people left with college debt are still looking for solutions and continue to be discouraged with a lack of available solutions or alternatives. Many have turned to the Continue Reading

When Is It the Right Time for Debt Settlement?

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Debt settlement and debt consolidation can be a good solution for the right type of situation. If you are dealing with unsecured debt with multiple creditors, you may need to hire a debt settlement company to help you negotiate your debts with your creditors. A bankruptcy can certainly wipe out debt with creditors, but if Continue Reading

Collections: What Are Debt Collectors Capable of Doing to Your Future?

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If you have collections agencies talking contacting you. It should not be taken as a trivial matter especially if you have assets to protect. We have found an article by Huffington Post which describes exactly what the goals of a collection company can be. If you haven’t read this article yet, take some time to Continue Reading