The crisis of overextended personal debt is frequently exacerbated by a particularly pernicious force: predatory lending. These practices specifically...
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The relationship between overextended personal debt and credit score damage is a profound and destructive feedback loop, each fueling the other in a c...
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The crisis of overextended personal debt is deeply intertwined with a pervasive and often overlooked contributing factor: widespread financial illiter...
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The desperate landscape of overextended personal debt has given rise to a controversial industry that purports to offer a lifeline: for-profit debt re...
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In the bleak landscape of overextended personal debt, non-profit debt relief agencies emerge as a critical beacon of hope and pragmatism. Unlike their...
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Are you managing your debt? Or is it managing you? If you're stuck in a money quicksand trap, you may not even realize at first that you're in a finan...
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The stress of medical debt can exacerbate health issues, create anxiety, and lead to avoidance of necessary care, creating a cycle of worsening health and financial problems.
Home equity (the market value of your home minus what you owe) can be a source of funds through a Home Equity Loan or Line of Credit (HELOC). However, using this equity to pay off unsecured debt is risky because it converts unsecured debt into secured debt—now your home is on the line if you can't pay.
A diverse credit mix refers to having different types of credit accounts on your credit report. The two main categories are revolving credit (e.g., credit cards, lines of credit) and installment credit (e.g., mortgages, auto loans, student loans, personal loans).
A collector can contact you at work unless you tell them that your employer prohibits such calls. Once you inform them orally or in writing, they must stop contacting you at your workplace.
While a car loan is a liability that must be included, the car's current market value is an asset. This provides a true picture. For many, their car may be their largest physical asset, even as it depreciates.
