Debt falls on a spectrum. Mortgages and student loans can build long-term value, while high-interest credit cards and payday ...

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 ...

There are potential benefits and downsides to debt consolidation.

Debt is often discussed in negative terms, but debt isn’t just good or bad. It falls on a spectrum, and how you manage it plays a big role in how ...

Finding a financial advisor doesn't have to be hard. SmartAsset's free tool matches you with up to three fiduciary financial advisors that serve your area in minutes. Each advisor has been vetted by ...

A new rule will prohibit a certain type of bad debt from appearing on credit reports. The rule, announced by the Consumer Financial Protection Bureau, prohibits unpaid medical bills from appearing on ...

Household debt rose 1.2% in the fourth quarter of last year, according to the New York Federal Reserve. A lot of that was thanks to new mortgages; in fact, the New York Fed says mortgage debt has ...

He had nearly $75,000 in "bad" debts, costing some 70% of his monthly income. This biggest expense was a $51,000 Dodge truck bought on a finance plan with 15% interest. A disabled veteran stunned the ...