Not all types of debts carry the same risk of legal action, however. Given the high cost and effort that goes into a lawsuit, most debt collectors make calculated decisions about which accounts to ...

A lawsuit is simply an escalation of those debt collection attempts, albeit a serious one that can lead to wage garnishment, ...

If you’re struggling with high interest rates and multiple monthly payments, consolidating your debt could help you get back on track financially. Different types of loans are available that can ...

Both types of credit illustrate to lenders that ... with the highest APR first and then working your way through all your debt from highest to lowest APR, is known as the "avalanche" method.

However, not everyone needs to enroll in a debt management program — but certain financial situations make it a particularly viable solution. So what types of borrowers should consider this type ...

However, it is one of the most stable types of debt as it is very long-term and proves ... or offer another solution to give you breathing space. All it takes is for one small life change to ...

Debt consolidation loans from this lender are comparable in rates to those offered by LightStream, but SoFi® offers higher loan limits to all applicants, whereas LightStream only allows some ...

The statute of limitations is the length of time creditors can sue for a debt. This period is usually around three to six years. Many, or all, of the products featured on this page are from our ...