Browsing: Debt

I try to pay attention and at the right time… to try and pursue a legislative response if that’s warranted. And it’s all about parents who…

Settling debt for less than the amount you owe can feel like a financial victory. However, the IRS often treats forgiven debt as taxable income, potentially…

Debt can create big problems. It can affect your mood, hurt your relationships, or limit your opportunities. Debt is often hard to handle, but there are…

Julpo | E+ | Getty ImagesMany Americans are paying a hefty price for their credit card debt.As a primary source of unsecured borrowing, 60% of credit…

Losing a loved one, especially a parent, brings a lot of emotional and practical challenges. One common concern that often arises is whether children will be…

You have many choices when dealing with debt. Two popular options are debt consolidation and debt restructuring. Understanding each of these can help you make good…

Leopatrizi | E+ | Getty ImagesAubrey Bertram was starting to imagine her life without student debt.Bertram, a staff attorney at an environmental conservation organization in Montana,…

Feeling overwhelmed by mounting collection debt? You’re not alone. These past-due accounts may negatively impact your financial well-being and lead to relentless collection calls. But there’s…

Gambling may offer moments of excitement, but for many, those moments are fleeting. When losses begin to outweigh winnings, it’s easy to fall into a vicious…

Key Takeaways:  A 1099-C does not mean you automatically owe taxes.  Insolvency is a legal way to avoid taxes on forgiven debt.  You need the right…