Resource Center - Debt

Choose from the resource categories below to discover and learn more about personal finance across the topics of budgeting, debt, income, insurance, investing, and retirement.

When the Credit Bureau Won't Fix Your Credit Report Error

When you find an error on your credit report, the Fair Credit Reporting Act gives you the right to clear up that error by disputing with the bureau that provided the report. You can dispute credit report errors via phone, online, or by mail. Disputing by mail gives you a paper trail that will come in handy if you need to later sue the credit bureau.... Read More >>>

Handle an Accidentally Missed Credit Card Payment

It’s the 15th day of the month and you realize you didn’t make the credit card payment that was due three days ago on the 12th. Or, you check your billing statement to find a late fee for a payment you thought you made, but turns you forgot to drop the check in the mail. An accidental missed payment can happen to anyone. Act quickly and you may be able to mitigate the damage.... Read More >>>

7 Times You Shouldn't Use Your Credit Card

Before you make a credit card purchase, do you question whether it’s a good idea to swipe? Just because your credit card issuer gave you access to a credit line and just because there’s something you want to buy doesn’t mean it’s a good time to use your credit card. Here are a few times you should leave your credit card in your wallet instead. 1.  Don't use your credit card when you can't afford to pay the balance.... Read More >>>

7 Mobile Apps for Managing Your Credit

Smartphones make life so much easier. Entertainment and productivity apps get a lot of buzz and financial apps don’t get nearly enough shine. If you’re looking for easier ways to stay on top of your credit and debt, here are seven apps you should download.... Read More >>>

What Happens to a Debt After Seven Years?

Seven years is a well-known time limit when it comes to debt; it’s the amount of time that many negative items can be listed on your credit report. That includes things like late payments, debt collections, charged-off accounts, and Chapter 13 bankruptcy. Certain other negative items, like some judgments and Chapter 7 bankruptcy, can remain on your credit report for more than seven years.... Read More >>>

How to Check Your Credit Card Statement Online

If you’ve lost your credit card statement or it hasn't come in the mail yet, you can pull up your most recent billing statement online in just a few easy clicks.... Read More >>>

How Many Credit Cards Is Too Many

Sifting through your stack of credit cards, it's natural to wonder if you have too many. Or, if you're considering opening new credit accounts, you want to be sure another credit card won't affect your credit. "How many credit cards is too many?" is one of those questions that doesn't have a one-size-fits-all type of answer, but there are a few ways you can judge whether you have too many credit cards for you.... Read More >>>

7 Ways to Live Within Your Means

To "live within your means" means that what you spend each month is less than or at least equal to the amount of money you bring in each month. For many people, it’s a lot easier said than done. Credit cards, loans, savings, and even emergency funds allow you to buy more things than your income would allow. Unfortunately, that kind of lifestyle isn’t sustainable and, at some point, your reckless spending will catch up to you. Your savings and access to credit will run out and when that happens,... Read More >>>

Keep Your Credit Card In Good Standing

Having your credit card account in good standing generally you’re abiding by the terms of your credit card agreement. While what counts as “good standing” may vary by credit card issuer, it usually means you’re making at least the minimum payment by the due date each month. Some credit card issuers may also define good standing to include keeping your account active and staying below your credit limit. Other accounts with the same bank, even a checking account or loan account, can impact your cr... Read More >>>

How Marriage Affects Your Credit

Married or thinking about getting married? You’re probably wondering if and how getting married will affect your credit score. Will your spouse’s credit will affect yours or vice versa? In marriage, much of your life is combined; does that include your credit?... Read More >>>