Having a collection account on your credit report can feel like a heavy burden, as it can significantly impact many areas of your life — and your finances — including your ability to secure loans, ...

No one wants to receive the dreaded call from a debt collector. But if you’ve fallen behind on paying your credit cards, loans or bills, your account may be sent to collections. Dealing with these ...

More and more Americans are finding themselves stuck dealing with collection debt. According to a recent study from TransUnion, more than half of all debt collectors saw their number of accounts ...

Could your debt be reduced or forgiven? Take our financial relief quiz. Find my match Could your debt be reduced or forgiven? Take our financial relief quiz. Removing collections from your credit ...

The time it takes debt and derogatory marks to fall off your credit report depends on the type of debt or mark involved. In general, most debt will fall off your credit report after seven years, but ...

Forbes contributors publish independent expert analyses and insights. True Tamplin is on a mission to bring financial literacy into schools. Credit card debt has become a pervasive financial challenge ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. These two phases often get lumped together in conversations about debt, ...

Credit card delinquency occurs when you miss a credit card payment, but a single case of delinquency might not affect your credit much or at all if you talk to your issuer. You can recover from credit ...

Ali Hussain has a background that consists of a career in finance with large financial institutions and in journalism covering business. mixetto / Getty Images You might prefer to pay off your ...