Scammers use texts, calls, emails and letters to create a false sense of urgency about debt repayment. Always ask for ...

If you have a lot of debt to pay off and want to prioritize paying the least amount in interest charges, the debt avalanche method may be your best bet. Jared Macarin is an editorial veteran who ...

"The first step is to verify the debt's authenticity by requesting a validation letter from the collection agency, which provides detailed information about the debt," says Brown. "If they cannot ...

The growing national debt is a tragic legacy to leave our children ... We encourage readers to express their views about public issues. Letters to the editor are subject to editing for brevity ...

On September 5, 2024, the Consumer Financial Protection Bureau (CFPB) released its annual report on debt collection, drawing ...

David Gregory is an editor with more than a decade of experience in the financial services industry. Before that, he worked as a child and family therapist until he made the decision to move ...

you can pay off that debt first. This repayment plan is called a debt avalanche. People make the minimum payments on all their accounts but put any extra money towards their current highest ...

The federal government has paid north of $1 trillion in gross interest payments on its debt for fiscal 2024 as the national ...

Focusing on repaying high-interest debt can yield greater savings over time Pays off the first debt quickly, but may take longer to pay off all balances Progress is slower, but you may be able to ...

The debt collection firm proposed an initial discounted first settlement of $1,888 ... Shortly after, the client received a letter from this authority figure, a situation that could have been ...

Then it plunged to $6,209 in the first quarter of 2021. Here’s a look at how the country’s average credit card debt has changed over the last 10 years based on calculations made using fourth ...

It’s been nearly 40 years since the first debt-for-nature swap was signed between the government of Bolivia and Conservation International, erasing some of Bolivia’s debt while expanding a national ...