Short-term financial goals  may seem small compared to long-term dreams like buying a house or retiring comfortably, but they play an essential role in creating financial stability. These are goals you can achieve within a few months to a year, such as saving for an emergency fund, paying off a small loan, or lowering your monthly expenses. The reality is that many people struggle with these immediate goals. A Bankrate survey  found that 59 percent of Americans do not have en

Are you considering canceling your debt settlement contract but unsure where to start? Terminating a debt settlement agreement can be a difficult process, but understanding your rights and obligations is crucial to avoid costly surprises.  74% of individuals enrolled   in debt settlement programs settle at least one account within 36 months, but only 43% manage to pay 75% or more of their enrolled accounts. This highlights the importance of making well-informed decisions when

Can personal loan debt forgiveness help you reduce or eliminate your debt?  Personal loans, especially unsecured ones, do not typically offer formal forgiveness options. As these loans differ from federal student loans, any relief typically requires negotiation with the lender and proof of financial hardship. In the U.S., total household debt reached $18.39 trillion  in early 2025, according to the Federal Reserve. With a growing debt burden, many are seeking ways to alleviat

Student debt remains a significant financial challenge in the United States. College costs have surged in recent decades, with tuition  rising by an average of 5.6% per year since 1983, outpacing both inflation and other household expenses. This blog breaks down the major relief options, including IDR, PSLF, forgiveness programs, military, and state benefits. We’ll also cover practical best practices, outlining who qualifies for each program, how they work, and the key factor

Many people in the US borrow money every day, whether it's to pay for things like a house, medical bills, school, or just to cover their daily costs. In fact, mortgages, student loans, and auto loans made up the biggest chunk of American household debt, which reached a record $17.7 trillion in early 2025 . While borrowing can be a smart financial move when done carefully, it can also become a heavy burden if approached without planning. The truth is, many borrowers get into t

Are you aware of your rights when it comes to debt collection? If you're constantly dealing with calls, letters, or threats from debt collectors, it's crucial to know that you're legally protected.  The Fair Debt Collection Practices Act (FDCPA) was created to shield consumers from abusive and unfair debt collection practices.  In fact, debt collection was the second most common complaint type, with the CFPB sending nearly 70,000 debt collection complaints to companies. This

Are you struggling to balance paying down debt while building up your emergency savings? It’s a challenge many face.  In fact, 50% of Americans   say that, when asked to prioritize, they would rather boost emergency savings than pay down debt. Debt reduction programs such as credit counseling services offer structured solutions to help you regain control of your finances without sacrificing your future. In this guide, we’ll walk you through how these programs work, the differ

Joint loans allow two or more borrowers to share equal responsibility for a single loan. They’re commonly used for mortgages, auto loans, and personal loans, where multiple incomes can improve approval odds and loan terms.   While they can strengthen borrowing power, they also bind co-borrowers legally and financially, creating risks if circumstances change. With total household debt rising by   $185 billion to $18.39 trillion   in Q2 2025 and 4.4% of outstanding debt in some

Debt collection is becoming more important as more people and companies struggle to pay their bills on time. Businesses often need help...

Managing debt can feel overwhelming, but taking control of your personal finances is the first step towards breaking free from financial...

Did you know that the global debt market is valued at over $324 trillion , making it significantly larger than the equity market? That’s...

Commercial debt recovery is a critical process for businesses looking to maintain healthy cash flow and minimize financial risks. Both...

Today’s economy is tough for many people. With rising costs and job changes, more customers are struggling to pay their debts on time....

Drowning in debt? You’re not alone. According to The Money Charity , the average total debt per UK household stood at over £65,000 as of...

With U.S. household debt exceeding $18 trillion , how to pay down debt has never been more important. Whether you’re dealing with...

When it comes to managing overwhelming debt, understanding the national debt relief pros and cons is an essential first step. Debt...

Knowing how to properly debt manage isn't just about paying bills, it’s your pathway to financial freedom. With household debt increasing...

With U.S. credit card debt hitting a record $1.17 trillion  in the third quarter of 2024 and interest rates averaging around 16%, many...

Is being in debt normal? The answer is yes for many people. The U.S. household debt surpassed $18 trillion and credit card balance rose...

When searching for credible debt relief, it’s crucial to understand the full scope of available options. As of 2024, U.S. households owe...