If you have credit cards, the impact of missed payments can be massive. Here’s what you can expect for budget and credit if you miss a credit card payment.
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Is there are correlation between student loans and credit health? A new FICO study suggests that although student loan borrowers don’t always have bad credit scores, having student loans may make overcoming financial challenges much harder.
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A Texas teacher lost his dream job as a teacher after he defaulted, and Texas isn’t the only state that does this. We detail what states can revoke professional licenses for defaulted student loans.
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If you took a trip to the emergency room after an accident, you might be surprised to learn you have a lien that gives the hospital a right to part of any claim you receive. It’s one way hospitals ensure they collect on your medical bills. We explain how to get out of medical debt collections.
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The new Federal Reserve Chairman Jerome Powell admits that student loan debt problems hold Americans back and could slow down economic growth. Learn how outstanding student loans can hurt your credit and what solutions you can use to fix your financial situation.
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A new report finds that American consumers are breaking records with past due debt payments, while businesses are managing to keep up. If the economy is strong, then why are some many families facing collection accounts and credit damage?
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Student loan debt problems don’t affect all demographics equally. Learn who is most likely to default on student loans and what you can do if you’ve defaulted on student debt yourself.
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A new CFPB report reveals the risk of long term auto loans, showing higher rates of default. We explain the debt management challenges these loans present.
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You might think repossession and foreclosure are the end of the trouble once you default, but you don’t get caught unaware by a deficiency judgment.
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A new study finds people will stop paying their mortgage before an auto loan or even personal loans. So, how should you decide which debt to pay first?
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The Department of Education just changed the rules on student loan late fees. Just one student loan default could cost you significantly more now.
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A new report shows an increase in the number of delinquent auto loans and credit cards. We explain what delinquent debt is and how you can overcome it.
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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.
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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.
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Bad consumer credit caused by negative public records such as foreclosure actions issued during the Great Recession may still be holding people back.
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A new infographic compares consumer debt levels in red and blue states, but the real conclusion is we all have too much debt, regardless of politics.
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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.
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In some states, nearly one out of five borrowers who graduated during the 2012-2013 schoolyear have defaulted on their student loan debt payments.
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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.
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A study finds missed payments on a Home Equity Line of Credit (HELOC) often lead to other delinquencies with primary mortgages and credit card debt.
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Collection practices for defaulted student loan debt won’t get any gentler, but customer service for repayment on current student loans may get better.
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Debt collectors are finding ways around the FDCPA and issuing warrants for failure to comply with court orders over unpaid credit card debt. What can you do?
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