If you’re behind on debt payments, make sure you understand what could happen to your joint accounts. Ramberg/Getty Images Household budgets are under significant pressure right now, with millions of Americans trying to juggle stubborn (and now rising) living costs and shrinking financial cushions thanks to their rising credit card debt. Today’s higher-than-average credit card … Read more
While debt collectors have lots of tools at their disposal, their authority certainly isn’t unlimited. Hanizam/Getty Images Debt collection is becoming a common reality for borrowers who are stuck trying to balance this high-cost credit environment with today’s economic hurdles. With average credit card rates still hovering above 21% and household debt levels at record … Read more
A lawsuit threat from a debt collector may seem like a scare tactic, but it is not something to dismiss outright. Getty Images/iStockphoto When debt collection letters start arriving with phrases like “court action pending” or “final notice,” many borrowers assume it’s simply a scare tactic with legal-sounding language designed to pressure payment — and … Read more
Being judgment-proof doesn’t make you immune to debt lawsuits, but it does change how the issue plays out. Andranik Hakobyan/Getty Images Debt pressures have been building rapidly over the last few years amid a landscape dotted by high borrowing rates, inflationary pressures and other hurdles, and those challenges have continued to accelerate over the last … Read more