Understanding the Effects of Missed Payments
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.
Read full article
past-due debt
Is There a Tie between Student Loans and Credit Health?
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.
Read full article
What States Can Revoke Professional Licenses for Defaulted Student Loans?
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.
Read full article
Dealing with Medical Debt Collections and Accident Liens
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.
Read full article
Are Student Loan Debt Problems Holding You Back?
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.
Read full article
Past Due Debt Payments at an All-Time High
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?
Read full article
Who is Most Likely to Default on Student Loans?
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.
Read full article
Revealing the Risk of Long Term Auto Loans
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.
Read full article
Don’t Get Caught by a Deficiency Judgment
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.
Read full article
How Do You Decide Which Debt to Pay First?
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?
Read full article
Student Loan Default Now Even Worse for Your Finances
The Department of Education just changed the rules on student loan late fees. Just one student loan default could cost you significantly more now.
Read full article
Delinquent Cars and Credit Cards
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.
Read full article
Seniors’ Student Debt Burden
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.
Read full article
Feeling the Threat of Debt Collectors
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.
Read full article
Bad Consumer Credit Delays Recovery
Bad consumer credit caused by negative public records such as foreclosure actions issued during the Great Recession may still be holding people back.
Read full article
United We Stand in Debt
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.
Read full article
Not Out of the Woods with Student Loan Debt
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.
Read full article
How Likely Are You to Default on Student Loan Debt?
In some states, nearly one out of five borrowers who graduated during the 2012-2013 schoolyear have defaulted on their student loan debt payments.
Read full article
The Mortgage Lending Paradox
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.
Read full article
HELOC Domino Effect
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.
Read full article
The Carrot and Stick of Student Debt Repayment
Collection practices for defaulted student loan debt won’t get any gentler, but customer service for repayment on current student loans may get better.
Read full article
Can You be Arrested for Debt?
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?
Read full article
