Dept Management
Key takeaways With debt forgiveness, creditors pardon some or all of your debt. Various types of debt may qualify for forgiveness. Debt forgiveness can offer relief from overwhelming financial burdens, but it does have downsides. Debt forgiveness is only one option for managing difficulties with repayment. Struggling with debt can…
A credit counseling agency is an organization that offers advice and assistance to people who are having trouble managing their debt. When you sign up, a credit counselor will analyze your case and work on your behalf to negotiate with your creditors. You can meet with them in person, online…
Your medical debt was about to be removed from your credit reports — until a federal judge in Texas struck down the Consumer Federal Protection Bureau (CFPB) rule that would have made it happen. The medical debt rule issued by the CFPB during the Biden administration would have stopped credit…
The decision of which debt to start paying off first is a personal one, but starting with high-interest debt is generally considered the most beneficial. This includes credit cards, which often have the highest interest rates, auto loans and personal loans. From there, you’ll need to choose whether you want…
Key takeaways Unsecured debt, such as credit cards, student loans, medical bills and high-interest loans can all be consolidated. Debt consolidation can simplify your bill-paying strategy by consolidating multiple accounts into one new loan with a single payment. Consolidating debt can save you money on interest and help you get…
Buy now, pay later (BNPL) as a payment option is available seemingly everywhere. From department stores to airline tickets, you can make payments on small and large purchases with the convenient payment model. But as simple as it seems, buy now, pay later can be a slippery slope if you…
