Debt

The country’s debt has grown exponentially in the past few decades.

Even with minimal funds and poor credit, there are several strategies you can use to kick credit card debt to the curb.

You might be motivated to become debt-free, but consider factors like prepayment penalties and your budget before requesting that final payoff amount.

Whether you’re applying for a personal loan, repaying or refinancing one, your credit score can swing in different directions if you’re not careful.

Forgiveness for medical bills can be difficult to obtain, but there are many programs that can provide other forms of assistance.

Like borrowing a personal loan for the first time, refinancing one requires some legwork to ensure you get the best deal possible.

The Biden-Harris administration rolled out a three-part plan meant to provide meaningful relief to low and middle-income federal student loan borrowers—here’s how it could impact you.

It can be a useful and powerful tool to organize your debt, ideally at a lower interest rate, but it’s not always the best option.

In most cases, your loans will be discharged, but there are exceptions for private loan borrowers.

Security, credit building and other benefits can be helpful, but only if you can avoid overspending.

Feeling overwhelmed by the student loans you have to pay back? There are repayment plans and more that can help.

While 401(k) loans can reduce your borrowing costs, it's crucial to consider the risks.

If you’re a borrower of this COVID-era program, you should understand how PPP loan forgiveness works, whether or not you’re eligible and how to apply.

Sound Dollar assembled a list of the most common types of debt in the U.S.

Once the introductory offer ended and my credit cards started charging me high interest, I realized something needed to change.

A binder can help you stay organized when not using a budgeting app or software.

In some cases, your debt may be discharged, but it doesn't always go away.

There are no credit card debt relief government programs available—except for active military members—but you can seek alternative remedies from your card issuer.

This form of relief is the closest you can get to tax debt forgiveness.

A calculator can help you crunch the numbers on your debt payoff plan.

Choosing the right calculator and having a good plan can help you eliminate debt faster.

The debt collection process can be scary, but there are things you can do to protect yourself.

It’s the amount of time that a debt collector has to drag you into court to repay your loan, line of credit or bills—but you’re partially protected once your account becomes time-barred.

The average household had $6,865 in credit card debt in early 2022, still below pre-pandemic levels.

Having no debt can be liberating, but in some cases, it can make sense to use debt to improve your financial situation or quality of life.

The process varies depending on which type of bankruptcy you pursue, Chapter 7 or Chapter 13.

The better question to ask is how often can you apply for bankruptcy, and the answer depends most heavily on whether you’re seeking Chapter 7 or Chapter 13 relief.

The national debt is easier to understand than you think, and it impacts us all in many different ways.

You can use the corporate metric for your personal finances and to judge the performance of a business or investment.

Private student loan forgiveness isn’t possible for most borrowers, but you could get some relief by using other options.