If you, like many Americans, have past due debts, your creditors may try to collect the money you owe on their own or hand the debt over to a debt collector or debt collection agency. While instances of collector harassment continue to take place even now, the Fair...
In some sense, a debt lawsuit gets underway once you receive a summons from a court. This basically notifies you that a creditor is suing you, and also informs you of the reason. While dealing with debt collection summons might seem daunting to most, know that there...
It’s fairly common for one or both partners to bring debt into a marriage, and in some cases, the amount can be significant. There is no surefire way to tell what effect debt might have on a relationship going forward, with some couples addressing it together and...
There has been enough chatter in the financial world about an impending recession over the last year, and it only continues to get louder. Besides, some experts are of the opinion that the country is already going through a recession, and all one can wait for is an...
The COVID-19 pandemic resulted in the country’s unemployment rate to rise to 14.7% in April last year. It dropped to 6% by June 2021, but this figure still remains noticeably higher than the pre-pandemic 3.5%. Fortunately, federal and state governments as well as...
The COVID-19 pandemic has shown that it does not take long for finances to go south. Fortunately, this has not reflected on the number of bankruptcies filed over the course of 2020. While 774,940 bankruptcy cases were filed in 2019, the number fell to 544,463 in 2020...
Baby boomers across the U.S. carry significant debt. However, according to statistics released by Ameriprise Financial, less than half of them prioritize paying down their debt. In addition, more than 30% boomers who’ve retired carry at least one debt in addition to...
The number of baby boomers who file for bankruptcy has increased significantly in the last three decades. Only around 2% of all elders in the U.S. filed for bankruptcy in 1991, and the number stands at around 12% now. While bankruptcy can give people a fresh start if...
If you are immersed in debt that you are unable to repay, it’s time to take a look at measures that can help get your financial life back on track again. In many such situations, it is common for people to find relief either through debt relief or bankruptcy. If you...