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.

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 ...

Unsecured debt is typically tied to a debtor’s creditworthiness and isn’t backed by any collateral or asset. Unsecured debt is debt that is not backed by any asset or collateral. Borrowers of ...

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 ...

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 ...

You can get a debt consolidation loan from an online lender, even if you have bad credit. Compare loan offers to find the best rate. Many, or all, of the products featured on this page are from our ...

We might earn a commission if you make a purchase through one of the links. The McClatchy Commerce Content team, which is independent from our newsroom, oversees this content. You’re struggling to pay ...

If you’ve been around closely held businesses long enough, you know that a transfer of money between a business and its owner, or between two related businesses, is sometimes characterized by the ...