Financial Cents: Posts About Debt

Is Debt Forgiveness a Possibility? It Depends.

Even if you can get your debt forgiven, it might come with a huge tax bill and further damage to your credit score.

Posted on: June 13, 2018


Can Debt Consolidation Hurt Your Credit?

Whether you take out a debt consolidation loan or opt for a debt management plan, making your payments on time will be key. 

Posted on: May 29, 2018


Looking for a Credit Repair Company? Here are 4 Red Flags to Avoid Getting Scammed.

Do your research, don't pay anyone up front, and take lots of notes.

Posted on: May 17, 2018


Loan Sharks: “You’re Going to Need a Better Loan”

Sharks are stealthy, dangerous and so much fun to observe (from the safety of your couch). But what about the other dangerous predators that share their name? Learn the facts about loan sharks and avoid an ocean of debt!

Posted on: May 03, 2018


What Happens To Your Debt When You Die?

Once you shuffle off this mortal coil, your debts will get paid back out of what you leave behind. But don't worry, debt cannot be inherited.

Posted on: April 06, 2018


Will Unpaid Debt Ever Go Away On Its Own? (Yes, But Don’t Hold Your Breath.)

Once the statute of limitations for a debt has passed, it becomes uncollectable. But in the meantime, it can still do lots of financial damage.

Posted on: April 03, 2018


Are Balance Transfers a Good Way to Pay Down Debt?

If you can score a good promotional offer, a balance transfer could help supercharge your debt repayment—but it's not risk-free.

Posted on: March 29, 2018


5 Questions to Ask Before Cosigning a Loan

We all want to help out where we can. But do your homework first.

Posted on: March 08, 2018


Does Medical Debt Really Go Away After Seven Years?

Like all urban myths, the "seven-year rule" does contain a small kernel of truth. But sorry, folks, it's just not that easy.

Posted on: February 22, 2018


25 Little-Known Presidential Money Facts

Turns out that a number of famous U.S. Presidents weren't so great at managing their personal finances.

Posted on: February 19, 2018