Get to know the research on debt collection lawsuits, racial disparities in judgments, and a big slice of consumer debt: ...

The Federal Reserve Bank of New York reported U.S. household debt increased to $17.5 trillion in the fourth quarter of 2023. Credit card debt, mortgages and auto loans led to those debt figures. But ...

A charge-off is when a lender writes off your account as a loss and closes the account for further use. You are still legally responsible for the balance that is charged off. The lender may transfer ...

Could your debt be reduced or forgiven? Take our financial relief quiz. If you’re a business owner extending credit to customers, then you’ve likely had an experience with bad debt or will at some ...

Michael Boyle is an experienced financial professional with more than 10 years working with financial planning, derivatives, equities, fixed income, project management, and analytics. Debt that cannot ...

Figuring out when to take out a loan, pay cash, use leverage, or pass when something isn't affordable. Unpacking good vs bad debt. Myth: you should always pay cash if you can. Fact: investors should ...

Pay-for-delete promises to erase collection debt from your credit report, but the results of this strategy can vary.

The average interest rate on a bank credit card is currently 21.5%. That’s the highest level since the Federal Reserve started tracking the data in 1994, according to The Associated Press. Do you have ...