Images by Getty Images; Illustration by Austin Courregé/Bankrate The process of debt repayment isn’t always a smooth one. While you probably hope you don’t hit…
1. Start by Calculating How Much You Owe The first step — assessing the damage and getting the full picture of how much debt you’re in — can be the hardest step, especially if you’re…
“Renting is throwing money away.” Has anyone ever told you this? Well, I’m here to say: It’s bad financial advice. My husband and I have owned four different homes in three cities since 2010. If I wanted to, I could buy a house in cash today. But for the last…
Key takeaways A 609 dispute letter is a formal way to request more information about the accounts on your credit report. Sending a 609 dispute letter may help you remove errors from your credit report. Legitimate accounts should stay on your credit report even if you send a dispute letter.…
Thomas Barwick/Getty Images Key takeaways Debt consolidation and bankruptcy are strategies to relieve debt, but the effects are radically different. Bankruptcy can give you a fresh start by restructuring your debts or liquidating some of your assets, but it can ruin your credit. Debt consolidation combines several debts into one,…
Key takeaways Debt relief options can help reduce your balances or lower your interest rates. Debt consolidation loans and balance transfer credit cards make it easier to manage your debt and potentially save a bundle in interest. You could also find relief if your creditors agree to enroll you in…
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Filing an extension can give you extra time to complete your tax return, typically pushing the deadline from April to October. But what happens if you file an extension but owe money? Filing an extension…
