Although it’s not really brand-new, this method for getting out of debt is not well known to many people. It’s becoming increasingly popular, however,
for financially strapped consumers who can’t get out of debt on their own, but can’t-or don’t want to-file bankruptcy to arrange for the services of a debt settlement company.
Here’s what it [...]
Everyone in debt knows that debt can make you feel sick. You plan around it; you think about it; you worry about it. Many of us can trace our level of stress right back to our level of debt. A study at Ohio State University found that people who reported higher levels of stress in [...]
Legally, you owe a debt until it’s paid, settled, or wiped out in bankruptcy. Some people erroneously believe that their obligation ends when a creditor charges off the debt. But a charge-off is essentially just an accounting term. The creditor can continue trying to collect or sell the debt to a collection agency, which can [...]