Debt consolidation and debt settlement are both financial strategies that share a common goal – to help consumers resolve their credit card debt – but they achieve it through different routes.
Common myths of debt and equity financing
Capital is the lifeblood of companies
Good debt vs. bad debt
While no one likes being in debt, the truth is that the majority of us need debt to finance our day-to-day lives.
4 Common types of debt
Total household debt in the United States – including auto loans, credit cards, mortgages, and student debt – climbed to $14.30 trillion in the first quarter of 2020. It’s so high that it is about eight times the total household by the height of the great recession in Q3 2008.
Can debt consolidation hurt your credit?
When you’re trying to escape debt, dealing with multiple accounts and due dates can be frustrating.
Debt settlement versus bankruptcy — which one should I choose?
About 80% of Americans are in, at least, one form of debt.
Bankruptcy vs. Insolvency
Bankruptcy and insolvency are among the most confusing finance terms for many people – sometimes, even used interchangeably. We explain.
What is voluntary bankruptcy petition?
If other debt relief method fails, declaring bankruptcy might be the only option to ease your financial burden.
Is bankruptcy the same as liquidation?
Explore the similarities and differences between liquidation and bankruptcy.
Can creditors sue you after bankruptcy?
Once you file for bankruptcy, an automatic stay immediately goes into effect. This will restrict your creditors from attempting to collect on debts that may be discharged during the bankruptcy process.