All articles tagged: “Debt”

(101 total)

Study

2,788 views

7 min read

Study Reveals Shifting Patterns in Single-Parent Households, with Notable County-Level Changes

Study Reveals Shifting Patterns in Single-Parent Households

Single parenting is tough. Dealing with busy schedules, big emotions, and daily routines on your own, along with no one to assist with making... read more »

By: Jon McDonald • 2/5/25

Study

15,536 views

3 min read

72% of US Consumers Aspire to Pay off Debt to Improve Their Finances in 2025

Survey: 72% of US Consumers Aspire to Pay off Debt in 2025

As a new year approaches, so do new goals. Some of the most common resolutions revolve around fitness and making healthier choices for your body.... read more »

By: Jon McDonald • 12/16/24

Guide

14,322 views

11 min read

What is Debt Forgiveness? How the Process Can Provide Relief, but Sometimes at a Cost 

How Debt Forgiveness Works and Affects Your Credit

Forgiveness is a mighty big concept, isn’t it? You see it figure into everything from Sunday sermons to those 12-step programs to help folks... read more »

By: Eric Bank • 12/12/24

Guide

18,480 views

11 min read

What is a Minimum Payment? A Guide to Required Payments and Why You Should Try to Pay More

A Guide to Minimum Payments and How They Impact Your Debt

I won’t tell you that making the minimum payment amount required on all your loans is a ticket to Easy Street because it’s not. A minimum payment... read more »

By: Mike Senecal • 12/5/24

Guide

14,688 views

9 min read

What is Financial Hardship? Common Causes and How to Mitigate Credit Damage

How to Deal With Debt During Financial Hardship

You can fix your financial problems, and there are plenty of resources to help. That’s the message I want to get across as we tackle the most... read more »

By: Mike Senecal • 12/3/24

Guide

34,304 views

7 min read

What is a Judgment? When the Courts Get Involved to Make You Pay Your Debt

Judgment Basics: When Courts Can Make You Pay Your Debt

If you ever wind up in front of a judge in a courtroom, it probably won’t be a pleasant experience — especially when you are the one being... read more »

By: Andrew Allen • 10/24/24

Guide

32,224 views

9 min read

What is Principal? Explanation & Tips For Effectively Paying Down Your Balances

How Loan Principal Works & How to Pay It Down

Understanding finance terms can sometimes feel like trying to learn an entirely new language. When I first started educating myself on how credit... read more »

By: Jon McDonald • 10/16/24

Guide

53,008 views

11 min read

What is Debt-to-Income Ratio? How DTI Impacts Credit and Loan Approval

What is Debt-to-Income Ratio? How DTI Impacts Credit

When I was looking into buying a condo, I got to experience plenty of personal finance jargon and acronyms first-hand. LTV, HOI, and PITI were... read more »

By: Bob Haegele • 9/30/24

Guide

32,505 views

11 min read

What Does It Mean When an Account Goes to Collections?

What Does it Mean When an Account Goes to Collections?

Every once in a while, life can throw us all curveballs. You may run over a stray nail and get a flat tire, or a medical emergency may come up.... read more »

By: Jon McDonald • 8/22/24

Guide

51,870 views

9 min read

What is a Lien? How Institutions Secure Debt, Property & Taxes

Liens: How Institutions Secure Debt, Property & Taxes

A lien is a legal claim or right against a property that secures a loan. If you are a lender, liens are an efficient way to ensure debt... read more »

By: Eric Bank • 7/30/24

Guide

47,700 views

13 min read

What is Debt Settlement? Benefits, Drawbacks, and Credit Score Impacts

Debt Settlement: A Comprehensive Guide

Debt settlement is a process through which you negotiate with creditors to pay less than you owe by offering a lump sum payment that’s lower than... read more »

By: Eric Bank • 7/3/24

Guide

92,412 views

13 min read

What is a Default? How Lenders Respond to Nonpayment & the Impact on Your Credit

How Lenders and Credit Scores Treat Defaults

A default occurs when you don’t make payments on your credit card or loan for an extended period, usually several months. It will damage your... read more »

By: Eric Bank • 7/2/24

Guide

88,176 views

17 min read

What is Debt Consolidation? Types, Credit Impact & How it Works

How Debt Consolidation Works & Affects Credit

Debt consolidation is when you combine multiple debts — including loans and/or credit cards — into a single payment. By consolidating them, you... read more »

By: Eric Bank • 7/1/24

Guide

81,000 views

19 min read

What is Garnishment? When Creditors Can Take Money From Your Paycheck or Bank Account

What is Garnishment? When Creditors Can Take Your Money

Garnishment happens when a court allows a creditor (i.e., the person or company you owe money to) to take part of your paycheck or money from... read more »

By: Eric Bank • 6/27/24

Blog

64,770 views

5 min read

Debt.com Survey: Americans Are Maxing Out Credit Cards to Cope With Inflation and Make Ends Meet

Debt.com Survey Shows Inflation's Effect on Card Debt

Federal Reserve data shows credit card debt rising to a staggering new high of $1.13 trillion as of Q4 2023. The 2024 Credit Card... read more »

By: Mike Senecal • 5/22/24

Blog

100,000+ views

5 min read

TrueAccord Smashes Debt Collection Stereotypes to Deliver a Friendly Experience and Positive Results

TrueAccord Smashes Debt Collection Stereotypes

The truth the old-school debt collection industry doesn’t understand is that most people want to pay their debts. TrueAccord... read more »

By: Mike Senecal • 3/7/24

Blog

100,000+ views

5 min read

True Finance App and Its Think Save Retire Blog Provide Users With Tools for Financial Improvement

True Finance App and TSR Blog Improve Consumer Finances

For folks struggling financially and getting further and further into debt, it’s good to know there are companies out there that... read more »

By: Mike Senecal • 1/23/24

Guide

100,000+ views

5 min read

Americans’ Credit Scores Resilient Against Rising Card Debt & Delinquencies

Credit Scores Resilient Despite Rising Debt

When people are unemployed or underemployed, they often use their credit cards to bridge their income gap. Credit cards offer immediate access to... read more »

By: John Ulzheimer • 1/22/24

Blog

100,000+ views

5 min read

Century Support Services Recognized for Standout Debt Settlement Solutions and Financial Education

Century Support Services Recognized for Debt Settlement Solutions

Credit card debt has grown to an all-time high. In the latest numbers from the New York Federal Reserve, total consumer credit... read more »

By: Andrew Allen • 1/10/24

Blog

100,000+ views

5 min read

Research Suggests Medical Debt Drives Poor Health Outcomes and Worsens Existing Disparities

Research Suggests Medical Debt Worsens Health Outcomes

It doesn’t take a leap of imagination to understand how poor health can lead to medical debt. But a study from the nonpartisan... read more »

By: Mike Senecal • 12/20/23

Guide

100,000+ views

3 min read

5 Tips To Quickly Pay Down Holiday Debt

5 Tips To Quickly Pay Down Holiday Debt

Budgeting for the holidays seems simple, but it can be a rather complicated process when you consider the endless seasonal expenses that creep up... read more »

By: Andrea Woroch • 12/15/23

Study

100,000+ views

3 min read

Study Reveals Debt’s Role in America’s Sleep Crisis

Study Reveals Debt's Role in America's Sleep Crisis

Debt isn’t just a financial burden — it’s a mental and emotional one as well. A growing body of research has demonstrated the pernicious impact... read more »

By: Ashley Fricker • 10/17/23

Blog

100,000+ views

5 min read

Summit Account Resolution Helps Consumers Navigate Debt Collections With Dignity and Respect

Summit Account Resolution: Dignified Debt Solutions for Consumers

Unresolved outstanding debt can cause much financial turmoil, but speaking with collection services can help people get on the... read more »

By: Sean Roderick • 5/15/23

Guide

100,000+ views

3 min read

5 Ways to Spring Clean Your Finances

5 Ways to Spring Clean Your Finances

Thanks to rising interest rates and persistent inflation, Americans are struggling to make ends meet as they pile on debt. In fact, a recent... read more »

By: Andrea Woroch • 3/28/23

Blog

100,000+ views

5 min read

The Louisiana Budget Project Analyzes Policy to Promote Broader Access to Financial Resources

The Louisiana Budget Project: Policy Research Can Help Low-Income Families

The Louisiana Budget Project is a nonprofit organization that conducts research and identifies possible solutions to financial... read more »

By: Brandon Rossman • 11/14/22