What you do after being served with a debt collection lawsuit can have a significant impact on the outcome. Coompia77/Getty Images Household debt remains at record highs right now, and for many borrowers, keeping up with monthly payments has become more difficult as elevated interest rates, stubborn inflation and years of high borrowing costs continue … Read more
Being an authorized user allows you to use another person’s credit card, but does it come with legal responsibilities? Boonchai Wedmakawand/Getty Images A parent adds a college freshman to their credit card so they can build credit while away at school. A husband taps his wife’s account so their household expenses land on one statement. … Read more
Knowing who’s responsible for creditor notifications is an important part of managing the probate process. Doucefleur/Getty Images The financial responsibilities that follow a loved one’s death can quickly become overwhelming. Between planning a funeral, gathering important documents and starting the probate process, surviving family members are often forced to make any number of important decisions … Read more
A debt forgiveness agreement may cut down your balance, but you should know how these deals work first. amnarj2006/Getty Images Today’s economic landscape is tough for most Americans, but may be especially rough for borrowers. Household debt is sitting at a new record high, credit card interest rates are still hovering near 22% on average … Read more
While paying for expert debt negotiations can save some money in the long run, the fees aren’t insignificant. Muhammad Aqib/Getty Images Debt has become an increasingly expensive problem to carry over the last few years. While borrowing costs have largely stabilized as the Federal Reserve has kept rates paused since the start of the year, … Read more
If someone dies while being sued for unpaid debt, the lawsuit doesn’t necessarily end automatically. Getty Images/iStockphoto Millions of Americans are dealing with debt-related issues right now, and for good reason. Inflation remains high, meaning budgets are stretched thin, and household debt is sitting at its latest record high. Credit card rates are also hovering … Read more
If your loved one left behind debt, make sure you know how it should be handled before making payments. Hispanolistic/Getty Images With inflation sitting at 4.2% currently and prices on many goods and services rising, many Americans have been forced to turn to credit cards and other forms of borrowing lately to get by. Case … Read more
A person’s debt doesn’t just transfer to the next of kin after death, but that doesn’t mean it disappears, either. J Studios/Getty Images Receiving a phone call from a debt collector is generally unwelcome under any circumstances. It can be especially jarring, though, in the days after a family member’s death, when a creditor is … Read more
Avoiding these debt relief mistakes can help keep costs under control and improve your chances of a successful outcome. F.J. Jimenez/Getty Images For millions of Americans, debt has become more than just a monthly budgetary concern. With credit card interest rates still hovering above 21% on average, inflation climbing back to 4.2% and household debt … Read more
The debt collection process doesn’t simply stop when someone dies, but it doesn’t continue exactly as it did before, either. Getty Images/iStockphoto When someone dies, financial questions tend to surface shortly thereafter, even if the grieving process has just started. After all, bills continue arriving, creditors may start reaching out and, in turn, surviving family … Read more