The student loan debt crisis is real and, for many people, financially crippling. While various programs and strategies can help you reduce your monthly payments, cut interest rates, and even get help paying down your debt, student loans can still be very challenging for some.
If you’re struggling with credit card debt, you may be considering different ways to address it. During your research, you may have come across debt management plans. But do debt management plans work? And how can they help you achieve your goal of becoming debt-free?
If you’re struggling with your debt, there is hope. Credit counseling agencies and debt resolution programs are available to help you get some relief and a new start. But what are the differences between debt management vs. debt settlement? The answer can help you decide which is the better approach for you.
Debt collectors tend to dole out a lot of threats, but one of them they can’t make good on is sending you to prison. Can you go to jail for debt? Generally speaking, no. It’s illegal to imprison someone over a civil debt, and collectors are forbidden by law to threaten it.
The name sounds ominous, and the impact can be damaging if you’re not careful. Zombie debt is old debt that’s been revived by a debt collector. Here’s what you need to know about zombie credit card debt and other forms of it and how you can respond.