Debt Basics
Do you have too much debt? Understanding your debt and getting help
Too much debt can impact your finances and credit. Find out how your balances stack up.
Unsecured vs. secured debt
Knowing the difference will help you decide which types of loans work best for you.
How to reduce your debt payments
These five debt reduction strategies can help eliminate your balances.
Latest Articles
-
What to do if your lender will not repossess your car
You can surrender your car in bankruptcy, but forcing the lender to take it back may be difficult.
2 min read Sep 01, 2021
-
What is debt management?
When you’d rather control your debt than have it control you, that’s debt management.
5 min read Aug 31, 2021
-
What can creditors take in a bankruptcy?
When filing Chapter 7, you must disclose all assets, but it doesn’t mean you can’t keep some.
6 min read Aug 31, 2021
-
Tax debt relief: How to resolve your debt with the IRS
If you’re struggling to pay the IRS, there are a few tax debt relief options.
4 min read Aug 30, 2021
-
How to get out of debt with a low income
Dreams of being debt-free are particularly challenging for individuals with low income. The average American owes between $6,000 to $7,000 in credit card debt alone, and when you add car payments, medical [...]
5 min read Aug 26, 2021
-
Signs your debt is out of control
Do you find yourself wondering, “is my debt out of control?” Credit has become an essential part of American life, but at the individual level, it can be all too easy to fall into a spiral of debt. [...]
5 min read Aug 25, 2021
-
Paying off debt early: Advantages and disadvantages
As of the first quarter of 2021, the amount of consumer debt in the United States totaled over $14 trillion. A lot of Americans face extreme financial hardships, regardless of their age, education and [...]
6 min read Aug 25, 2021
-
How to set up a debt payoff plan and stick to it
If you’re facing a mountain of debt, the first thing to know is that you’re far from alone. U.S. consumer debt reached $14.6 trillion in the first quarter of 2021. No matter the amount you’re dealing [...]
6 min read Aug 25, 2021
-
Can I defer Chapter 13 bankruptcy payments?
With a smaller paycheck, it may be necessary to alter how much you can pay back in bankruptcy.
3 min read Aug 23, 2021
-
What happens to my car when I file for bankruptcy?
If you want to hold on to your wheels after Chapter 7, you’ll have to sign a reaffirmation agreement.
3 min read Aug 20, 2021