Debt=Jail Time? Debtors Jailed for Missed Court Appearances
Let’s say you owe a creditor money. What are the chances that missing a court date for an unpaid debt you could get thrown in jail? It could depend, in part, on the state in which you live, says the...
View ArticleHow I Went Credit-Free for 6 Years
Six years ago, I decided to cut credit out of my life. But not before they got me in a heap of trouble. I grew up believing that a credit card was something you needed to be a responsible adult in this...
View ArticleAmericans Have Cut $1.3 Trillion in Debt Since Recession
Numerous studies and statistics have shown that consumers’ attitudes toward debt changed significantly since the Great Recession, and now new data shows just how substantial those shifts have been when...
View ArticleHow Do I Figure Out Where This 4-Year-Old Debt Came From?
It may be something you fear when checking your credit reports — discovering an item that’s been turned over to a debt collector. Especially if it’s an old item, and one you don’t even remember. Where...
View ArticleWill You Be Sued Over an Unpaid Debt?
The goal of all creditors is for consumers to repay borrowed money according to the terms and conditions of their original agreement. When a consumer debt fails to be repaid as agreed, creditors must...
View ArticleMy Debt Was Charged Off. What Does That Mean?!
One of the most misunderstood credit terms is the phrase “charged-off.” You may have seen it on your credit report next to an old debt you vaguely remember. At first look, it sounds almost positive,...
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