If you’re self-employed and in debt, a wage garnishment could be difficult, but that’s not the only threat you face. Juleta Martirosyan / Getty Images Household debt levels are significantly elevated as we head into mid-2026, as are the interest rates tied to the more common short-term borrowing tools, like credit cards. In turn, more … Read more
A creditor’s refusal to negotiate isn’t necessarily the end of the road, but it can limit certain paths forward. Krisanapong Detraphiphat/Getty Images As credit card rates remain high, balances climb and payment delinquencies tick upward, more borrowers are reaching out to their credit card issuers and creditors in hopes of negotiating lower balances, reduced interest … Read more
The rules around disability income and bank levies are more complicated than many people realize. Dragon Claws/Getty Images Rising credit card balances and climbing delinquency rates have had a big impact on the collections environment recently. With average credit card rates still hovering above 21% and household debt sitting at record levels, more borrowers are … Read more
All it takes is an unpaid debt and a judgment to trigger a bank levy, but you still have rights during this process. Pla2na/Getty Images Falling behind on your debt payments is stressful enough, but the credit damage and late fees that can come with it are hardly the only repercussions you may face. In … Read more