iOS app Android app

Debt Settlement

Is A Debt Settlement Worth It?

Simple. Thrifty. Living. | Posted 03.26.2015 | Business
Simple. Thrifty. Living.

Debt settlement companies can be helpful, but consumers should learn about how these services work before making any agreement. Here's what you need to know to determine whether debt settlement is right for you.

Will Your Kids Inherit Your Debt?

Jason Alderman | Posted 11.03.2014 | Money
Jason Alderman

The short answer is, not in most cases. But there are situations where someone could be legally responsible for paying off your bills after death. Plus, aggressive creditors have been known to coerce heirs into paying off debts for which they're not responsible, just to be left alone.

How Can I Settle My Federal Student Loan for Less?

Steve Rhode | Posted 10.15.2014 | Money
Steve Rhode

Huffington Post Reader Question Dear Steve, I owe about $55K in student loan debt. I am interested in doing a lump sum pay off at a discounted r...

Do Debt Relief Companies Violate the Fair Debt Collections Practices Act?

Steve Rhode | Posted 05.25.2014 | Money
Steve Rhode

For some time the esoteric argument of debt relief companies putting debt outside the statute of limitations in a credit counseling or debt settlement...

How to Settle Your Credit Card Debt (in 6 Steps)

Tiffany Aliche | Posted 03.17.2014 | Black Voices
Tiffany Aliche

I get this question a lot, a WHOLE lot: 'Tiffany, how do I settle my credit card debt?' If you have credit card debt and you want to settle it (pay less than what is owed), here's how...

I Want to Settle My Old Debt. - Kyle

Steve Rhode | Posted 08.12.2013 | Business
Steve Rhode

Huffington Post Reader Question Dear Steve, I am attempting to settle old debt past the statute of limitations. I have debt that is nearly 7 years ...

Who Can I Trust When Getting Out of Debt?

Steve Rhode | Posted 08.04.2013 | Business
Steve Rhode

Huffington Post Reader Question Dear Steve, I'm a 30 year financial sales guy. Made lots of money in the 90's only to give it all to ex wife in di...

My Student Loan Debt is More Than 20 Years Old

Steve Rhode | Posted 11.08.2014 | Business
Steve Rhode

Huffington Post Reader Question Dear Steve, I have an awwwwful lot of student loan debt following me from college. Unfortunately I have not been abl...

I Got a Debt Settlement Offer on My Private Student Loan

Steve Rhode | Posted 07.28.2013 | Business
Steve Rhode

Huffington Post Reader Question Dear Steve, My private student loan went into default after a period of unemployment. I have filed chapter 7 bankr...

Is Debt Settlement Possible for Hospital Bills I Could Not Afford?

Steve Rhode | Posted 07.28.2013 | Business
Steve Rhode

Huffington Post Reader Question Dear Steve, One of my children experienced a medical condition in the fall of 2012 that required hospitalization. ...

When It Comes to Getting Out of Debt, People Are Stupid

Steve Rhode | Posted 07.13.2013 | Business
Steve Rhode

All day, almost every single day, I help people with good debt advice so they can find good solutions for their bad debt troubles. Without a doubt on...

Debt Settlement Company Leader and Employees Facing Jail Time

Steve Rhode | Posted 07.08.2013 | Business
Steve Rhode

Yesterday the Manhattan U.S. Attorney took steps to criminally charge the leader and employees of a debt settlement company for harming consumers that...

How to Get Out of Debt. The Real Truth.

Steve Rhode | Posted 07.06.2013 | Business
Steve Rhode

People ask me questions every single day about how to get out of debt. Problem debt is a chronic problem that faces many at any one time. If you are f...

A Law Firm is Suggesting I Have to Hire Them to Settle My Debt.

Steve Rhode | Posted 07.02.2013 | Business
Steve Rhode

Dear Steve, I received settlement offers from my creditors. How do I ensure that they do not sell my account to another party for collections after receiving the settlement?

I Have Two Bank of America Debts I Want to Pay But Can't Find. - Vivian

Steve Rhode | Posted 07.02.2013 | Business
Steve Rhode

Dear Steve, My husband became disabled while in the middle of a major addition and remodel of our house. He was a carpenter and was doing all the work.

The Debt Collector Lied I Could Settle My Private Student Loan Debt

Steve Rhode | Posted 06.26.2013 | Business
Steve Rhode

Applying logic or assumptions to a corporate policy is never going to work. The agents are limited by the policies and procedures in place at the time of the event.

Strange Bedfellows: Occupy Wall Street and the Bill Collector!

Jerry Ashton | Posted 11.14.2012 | Business
Jerry Ashton

OWS is certainly muscling (buying?) its way in, but with a "business" model that collection agencies and debt buyers would not have entertained in a lifetime.

Catherine New

This Is Best Way Out Of Debt | Catherine New | Posted 08.16.2012 | Money

Forget the interest rate. To get out of the red, pay down your smallest debt first. Killing a smaller balance and shuttering the account offers a grea...

How to Get Out of Debt in Three Big Steps, get out of debt, how to get out of debt

Steve Rhode | Posted 05.24.2013 | Business
Steve Rhode

The secret to overcoming debt for a lifetime is to take what you can learn from your current situation and apply it moving forward. There's no sense wasting a perfectly good mistake.

Dealing With Debt Collectors: Be Their Friends

Kevin Yu | Posted 05.16.2012 | Money
Kevin Yu

Debt collection agencies are used to being yelled and cursed at, so why not take the opposite approach and try to be their friends?

Are Attorney Backed Debt Settlement Programs Safe?

Kevin Yu | Posted 05.14.2012 | Money
Kevin Yu

Just because a debt settlement company is "attorney backed" does not mean that an actual attorney will be negotiating their debts.

Janell Ross

Foreclosure Rescue Scams Proliferate After Recession | Janell Ross | Posted 11.26.2011 | Business

From the looks of the mortgage relief companies Christopher Mallett has marketed in recent years, offering lower payments and new loan terms to troubl...

Dealing With Debt Collectors

Jason Alderman | Posted 10.04.2011 | Business
Jason Alderman

Ideally, you should contact your lender as soon as you realize you may have difficulty paying a bill. They would much rather work out a repayment plan than enter the costly and time-consuming collections process.

Feds Strengthen Debt Settlement Rules

Jason Alderman | Posted 11.17.2011 | Healthy Living
Jason Alderman

When faced with overwhelming debt, many people don't know where to turn: Should they file for bankruptcy, consolidate their debts into one loan to be ...

New Rule Cracks Down On Debt Settlement Industry

AP | CANDICE CHOI | Posted 05.25.2011 | Business

NEW YORK — Companies that promise to reduce or eliminate credit card balances and other debt for customers will no longer be allowed to charge an up...