5 times that credit card debt forgiveness is a bad idea
While debt forgiveness can provide a lifeline for certain borrowers, it isn't a once-size-fits-all solution.
Angelica Leicht is senior editor for Managing Your Money, where she writes and edits articles on a range of personal finance topics, from the benefits of gold investing to the many uses of home equity loans.
Angelica previously held editorial roles at Bankrate, HousingWire and other financial publications, where she focused on insurance, credit cards and mortgage and housing content. She has also written for publications like The Motley Fool and Forbes Advisor. Prior to working in personal finance, Angelica held editorial roles at alt-weeklies that include the Houston Press and the Dallas Observer.
While debt forgiveness can provide a lifeline for certain borrowers, it isn't a once-size-fits-all solution.
Before you pursue this debt relief option, here's what could make you ineligible — and what your other options are.
Getting rid of high-rate credit card debt may be easier than you think — even if you're on a tight budget.
This is a great time to become a member of the senior-focused organization. Here's why.
Adding physical gold to your investment portfolio is a move that could pay off this August. Here's why.
Credit card debt can be dangerous in any economic environment, but is even riskier in a high-rate landscape.
If you can't repay your personal loan, don't panic. There are a few different solutions to consider.
If your delinquent credit card debt is in collections, make sure you know your rights — and your payoff options.
The Fed is slated to cut rates soon, so if you want a top rate on your CD account, look closely at these options now.
There are steps you can take to resolve your credit card debt, even in the face of legal action.
With Fed rate cuts on the horizon, the cost of buying a home could be a lot more affordable soon.
If you're going to tap into your home's equity this August, make sure you're using it for the right purposes.
With a Fed rate cut on the horizon, it's important to weigh whether this debt relief option is still worth pursuing.
Credit card rates could drop soon, but if you're dealing with high-rate debt, it's important to take action now.
If the high rates on your credit cards are making it tough to pay off what you owe, these strategies could help.