The first step when faced witha lawsuit over credit card debtis to ensure that the debt in question is yours and that the amount being claimed is accurate. To do this, request a debt validation from the creditor or collection agency. This should include details about the original creditor, ...
Should your credit card debt balloon too much over time, there may come a time when you can't afford to make your monthly payments. But if you stop paying and the debt is charged off and sold to a collection agency, you could find yourself navigating an even more complex financial ...
Is there a premium music streaming service you pay for but rarely use? Cutting back on these added costs, which add up over time, can give you more room to pivot those funds towards offsetting your debt. Prioritize paying off debt It can feel overwhelming when it comes to paying off your...
Debt relief options, such as negotiating directly with creditors, getting on a debt management plan or filing for bankruptcy can help eliminate your debt or make it easier to repay. What is debt relief? The term "debt relief" can mean many different things, but the main goal of any de...
16 Things to Do When You're Deep in Debt There are many strategies consumers can use to deal with their debt and get ahead. Geoff WilliamsandErica SandbergMarch 28, 2025 What Is the OASDI Tax? Almost everyone who earns money has to pay the OASDI tax, so familiarize yourself with it ...
yourself drowning in debt, it can be incredibly overwhelming and stressful. However, it is important to roach the situation with a clear head and take proactive steps to address and resolve your financial troubles. Here's a step-by-step guide on what to do when you are overwhelmed by debt...
When you take out a loan or other type of financing, you’ll typically have two options: secured or unsecured debt. The key difference is whether or not you need to put up collateral— like your home or vehicle — to protect the lender in case you fail to repay the loan. Unsecured ...
While debt settlement can be a helpful tool for managing overwhelming debt, it comes with significant risks that you should carefully consider before proceeding. Here are some of the primary risks associated with this approach: Creditor harassment and legal action. While you’re negotiating, creditors...
From paying for school and taking exams to filling out internship applications,collegestudents can face overwhelming pressure and demands. Some stress can be healthy and even motivating under the proper circumstances, but often stress is overwhelming and can lead to other issues. ...
How Debt Affects Your Mental Health and Ways to Cope: Paying off debt can be a long-term endeavor if you have steep high-interest balances. But it’s important to keep things in perspective and take care of your health. What Is Auto Loan Refinancing?: Understand how refinancing your auto...