You may have a legal obligation to repay old debts, but there are also strict limits on debt collectors' tactics.

The statute of limitations also plays a critical role. Each state sets time limits on how long a creditor can sue you for ...

A charge-off is when a lender writes off your account as a loss and closes the account for further use. You are still legally responsible for the balance that is charged off. The lender may transfer ...

Your debt will be turned over to a collection agency, and your credit score will likely take a severe hit. Here's what to do about it. Many or all of the products on this page are from partners who ...

Good debt can increase your net worth and build in value over time. Bad debt is money spent on items that lose their value. Balancing good and bad debt is important to your financial wellbeing. While ...

Debt is often discussed in negative terms, but debt isn’t just good or bad. It falls on a spectrum, and how you manage it plays a big role in how it impacts your finances. Bad debt is usually ...

WalletHub collected data from the end of 2025 and ranked the states with the most and least debt collection accounts.

The average interest rate on a bank credit card is currently 21.5%. That’s the highest level since the Federal Reserve started tracking the data in 1994, according to The Associated Press. Do you have ...

Debt may get a bad rap, but the reality is, it's not all bad. Sure, the ideal financial situation may involve being totally debt free, but in certain instances and under certain circumstances, taking ...

Figuring out when to take out a loan, pay cash, use leverage, or pass when something isn't affordable. Unpacking good vs bad debt. Myth: you should always pay cash if you can. Fact: investors should ...

Running a business involves risk, but unpaid invoices shouldn’t be the gamble that sinks your ship. Bad debt—money owed to ...