Debt Resolution Archives

Debt Resolution

Jul 15, 2024

•

7 min

What is a Collateralized Debt Obligation?

At their core, CDOs are a way to take pools of debt and repackage that debt into new securities that can then be sold to investors. It's a bit like a full financial kitchen taking...

Debt Resolution

Jul 12, 2024

•

5 min

How to Pay Off $20,000 in Credit Card Debt

While $20,000 in credit card debt may feel like a hopeless, soul-crushing scenario, make no mistake - that balance is very assailable if you deploy discipline, lifestyle austerity, and one of several proven strategies to...

Debt Resolution

Jul 12, 2024

•

6 min

What Happens to Debt When You File for Chapter 13 Bankruptcy?

So exactly what happens to all those looming bills, interest charges, and creditor headaches once you pull the Chapter 13 ripcord? While it's not a full "get out of debt free" card, this branch of...

Debt Resolution

Jul 12, 2024

•

7 min

How do Debt Relief Programs Work?

Before signing up for any debt relief program, it's crucial you fully understand exactly what you're getting into and weighing those pros and cons carefully. Because while potentially your best option to restore cash flow,...

Debt Resolution

Jul 12, 2024

•

6 min

How to Negotiate Credit Card Debt Settlement on Your Own

Could you attempt to negotiate your own credit card debt settlement directly with lenders and collectors? While admittedly more challenging than outsourcing negotiations, a self-directed credit card debt settlement approach is absolutely an option worth...

Debt Resolution

Jul 12, 2024

•

6 min

How to Pay Off Credit Card Debt with No Money

While attacking debt when broke is extremely difficult, it's not impossible. With extreme discipline, sacrifice, and planning, you can manage to chip away at debt through creative measures and sheer force of will....

Debt Resolution

Jul 12, 2024

•

6 min

How to Consolidate Credit Card Debt Without Hurting Your Credit

The process of consolidating card balances can easily become a double-edged sword if not executed properly. Do it wrong, and you risk accidentally tanking your credit score just when you need it most to qualify...

Debt Resolution

Jul 12, 2024

•

6 min

What is the Average Credit Card Debt?

Americans are having a bit of a credit card crisis. Within the last year, we have managed to rack up record-breaking amounts of credit card debt – over $1 trillion, to be exact. In fact,...

Debt Resolution

Jul 12, 2024

•

6 min

How Debt Relief Really Works

If you've found yourself sinking deeper into that inescapable debt cycle, unable to even tread water with minimum payments anymore, it may be time to explore your debt relief options. But what does debt relief...

Debt Resolution

Jul 11, 2024

•

6 min

How Long Can Debt Collectors Legally Pursue Old Debt?

For those struggling with debt, one of the most frequent and pressing questions is: How long can this legal cycle of debt pursuit actually go on? Is there any statute of limitations expiration date where...

Debt Resolution

Jul 9, 2024

•

7 min

What Happens to Your Debt When Your Car is Repossessed?

While the repo truck showing up in your driveway is undoubtedly traumatic, take a deep breath. You do still have some rights and potential options - starting with understanding if that outstanding auto debt is...

Debt Resolution

Jul 9, 2024

•

6 min

Defaulting on Debt: What It Means and How to Bounce Back

The dreaded word “default” puts many consumers into a cold sweat. Defaulting on debts like credit cards, loans, or even mortgages can feel like a catastrophic financial failure with lasting impacts. Let's take a look...

Debt Resolution

Recommended reading for you

Company

Legal Information