Get to know the research on debt collection lawsuits, racial disparities in judgments, and a big slice of consumer debt: ...

Could your debt be reduced or forgiven? Take our financial relief quiz. If you’re a business owner extending credit to customers, then you’ve likely had an experience with bad debt or will at some ...

A charge-off is when a lender writes off your account as a loss and closes the account for further use. You are still legally responsible for the balance that is charged off. The lender may transfer ...

The Federal Reserve Bank of New York reported U.S. household debt increased to $17.5 trillion in the fourth quarter of 2023. Credit card debt, mortgages and auto loans led to those debt figures. But ...

Pay-for-delete promises to erase collection debt from your credit report, but the results of this strategy can vary.

Figuring out when to take out a loan, pay cash, use leverage, or pass when something isn't affordable. Unpacking good vs bad debt. Myth: you should always pay cash if you can. Fact: investors should ...

The average interest rate on a bank credit card is currently 21.5%. That’s the highest level since the Federal Reserve started tracking the data in 1994, according to The Associated Press. Do you have ...

Hospital bad debt and charity care costs continue to rise nationally, with growth accelerating in several regions since 2022, according to Kaufman Hall’s “National Hospital Flash Report” released Dec.

NEW YORK -- One of the big letdowns some new business owners suffer during income tax season is when they find out they can't deduct their bad debts -- bills their customers didn't pay during the ...

You are still responsible for missed payments even if your debt is charged off. You will likely be contacted by a collection agency to get the remaining funds owed. Study the validation notice you ...