Get to know the research on debt collection lawsuits, racial disparities in judgments, and a big slice of consumer debt: ...

A charge-off is when a lender writes off your account as a loss and closes the account for further use. You are still legally responsible for the balance that is charged off. The lender may transfer ...

Medical debt regulations are shifting dramatically in 2026, with states banning credit reporting and federal rules in limbo. If you’re a healthcare provider, the old collection playbook might soon ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. While some forms of borrowing can help you move forward financially, ...

Could your debt be reduced or forgiven? Take our financial relief quiz. If you’re a business owner extending credit to customers, then you’ve likely had an experience with bad debt or will at some ...

Hospital bad debt and charity care costs continue to rise nationally, with growth accelerating in several regions since 2022, according to Kaufman Hall’s “National Hospital Flash Report” released Dec.

Pay-for-delete promises to erase collection debt from your credit report, but the results of this strategy can vary.

The average interest rate on a bank credit card is currently 21.5%. That’s the highest level since the Federal Reserve started tracking the data in 1994, according to The Associated Press. Do you have ...

CreditNinja reports that about 41% of working-age Americans (72 million) have medical debt, affecting lower-income and ...

You are still responsible for missed payments even if your debt is charged off. You will likely be contacted by a collection agency to get the remaining funds owed. Study the validation notice you ...