Defaulting on a debt is never a good option, but sometimes it’s unavoidable. Knowing how to recover quickly after you default and what account charge-offs mean for your credit is a crucial part of your ability to manage debt successfully. We have the latest news on consumer debt default and what it really means for your finances and budget.
Apr 14, 2017 | April Lewis-Parks
Despite a focused payoff effort in January, February saw the U.S. hit record high credit card debt over $1 trillion. Here’s what it means for your budget.
Credit Cards, Debt Advice
Mar 20, 2017 | Meghan Alard
Roughly 3,000 borrowers per day default on their federal student loans. We tell you how to avoid being another statistic in the student loan default rate.
Feb 03, 2017 | Meghan Alard
A new report finds seniors’ student debt burden has more than doubled in the past decade. We explain what seniors can do to eliminate student debt.
Seniors, Student Debt
Jan 16, 2017 | Meghan Alard
A new report finds one in four consumers felt threatened during a collection call. Here’s what you can do to avoid the threat of debt collectors.
Dec 02, 2016 | Meghan Alard
Bad consumer credit caused by negative public records such as foreclosure actions issued during the Great Recession may still be holding people back.
Nov 02, 2016 | Meghan Alard
The CFPB estimates that one in three rehabilitated student loan borrowers is at risk of re-defaulting on their student loan debt in the next 2 years.
Oct 13, 2016 | Meghan Alard
In some states, nearly one out of five borrowers who graduated during the 2012-2013 schoolyear have defaulted on their student loan debt payments.
Sep 19, 2016 | Meghan Alard
As the mortgage default rate nears zero, some believe it’s a sign lending standards are too strict. Here’s what homebuyers can do to get approval.
Aug 12, 2016 | Meghan Alard
A White House report finds the cost of education and challenges faced by borrowing are ultimately worth it for the career benefits of a college degree.
Aug 08, 2016 | Meghan Alard
Collection practices for defaulted student loan debt won’t get any gentler, but customer service for repayment on current student loans may get better.
Debt Collection, Student Debt