Dept Management

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…

Key takeaways An automatic stay prevents creditors from taking action to collect on certain debts when you file for bankruptcy. Automatic stays can offer some protection against eviction, foreclosure, repossession and wage garnishment, but they do not apply to child support, alimony or certain tax debts. Automatic stays can last…

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…