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When it comes to debt, there are two different types, secured and unsecured. While secured debt is essentially a credit line backed by a tangible asset, an unsecured one is not backed by any contingencies. Even though they differ in this respect, they both can adversely impact an individual’s credit score, resulting in collection calls,

Maybe you feel like you have so much debt that it’s nearly overwhelming. Maybe you don’t have much at all, and you think debt stories are oversold. Either way, you may be wondering how much debt Americans tend to carry. According to a survey that looked at the most recent numbers, for 2016, the average

A study conducted by the Urban Institute shows that, as a whole, those with medical debt have fallen significantly, those struggling with past-due medical bills still are high. This trend has been shown to have the biggest impact on young adults. Of the sample of 18- to 64-year-olds polled in 2012 and 2015 respectively, researchers

Becoming overwhelmed by credit card debt can easily occur for anyone, especially if someone loses one’s job, becomes ill, or is confronted by an unplanned financial crisis. While many debt settlement companies claim to be able to negotiate a settlement with a consumer’s credit card company at a reduced rate, it’s important to note that

A news article from Oct. 27 has made a loaded statement; it claims that banks are beginning to issue credit cards again like they did in the year 2007. For many years, banks had decided not to lend very much and most of the teens and young adults in the millennial group have paid their