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We all strive to live a debt free life, but between student loans, credit cards, home and car payments, medical bills, and more, it’s not easy. Debt is something that haunts millions of people in the United States. However, debt is also very misunderstood. There are a...

You don’t have to wait until you save the full amount so that you can acquire your dream home. You can simply apply for a home loan from a financial institution. In most cases, the lender will require you to finance 20% of the loan amount. However, if you have a high...

If you have not made payments on a loan for a period of several months, a creditor may decide that there is no hope of getting their money back. At that point, they will likely sell the debt to a collection agency. While the new owner of the debt has a right to...

If you are constantly dealing with debt collectors calling you at home or work, it may be a good idea to consider getting bankruptcy protection. However, there are other less obvious signs that bankruptcy may be best for you. Let's take a look at these signs and why...

There are millions of Americans struggling with financial issues on a daily basis. Some of these cases worsen to the point where families and individuals must consider selling their home to make ends meet. Once this decision has been made, another question that often...

A collection notice is an early opportunity to repair any damage to your credit as a result of this debt. It is a chance to negotiate with the debtor or to advise him if the notice is incorrect. For your own benefit, start now: Remain calm and courteous. Honey gets...

Are you buried under tax debt? Do you owe back taxes? Back taxes are known as taxes that you're required to pay after the year they were due. If you let another year go by without paying the IRS, that's when it's referred to as back taxes. Those back taxes are also...

There are many reasons people fall behind on their bills, but it all boils down to the emotions that drive us to spend. Also known as the psychology of debt, this is the premise that feelings drive us to use credit in ways that we would not normally spend cash. By...

Debt is something that millions of us struggle with on a daily basis. From student loans to mortgage payments, nearly every American adult must deal with some form of debt. There are also many who suffer under debt that comes as a result of poor spending habits....

Debt is one of the scariest realities of living in the 21st century. While there are good forms of debt such as student loans or mortgage payments, other loans like medical bill debt can get out of hand very quickly. Current studies show that about 79 million...