Debt falls on a spectrum. Mortgages and student loans can build long-term value, while high-interest credit cards and payday ...

In a recent decision, U.S. ex rel. Sibley v. Univ. of Chicago Medical Center, the U.S. Court of Appeals for the Seventh Circuit considered allegations that two medical billing and debt collection ...

Bad debt can also affect your credit. Your credit utilization, which is the percentage of your available credit that you're using, plays a major role in your credit score. High balances and maxed-out ...

Disputing a debt can be smart in some cases, but the process can also get complicated. Here's what to know now.

Matching Principle: The matching principle dictates that expenses should be recognized in the same period as the revenues ...

The Federal Reserve Bank of New York reported U.S. household debt increased to $17.5 trillion in the fourth quarter of 2023. Credit card debt, mortgages and auto loans led to those debt figures. But ...

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. If you’re a business owner extending ...

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 ...

Determining whether a debt has become worthless always is a question of fact which requires consideration of all pertinent evidence—including the debtor’s financial condition and the value of any ...

NEW YORK -- One of the big letdowns some new business owners suffer during income tax season is when they find out they can't deduct their bad debts -- bills their customers didn't pay during the ...

People are so used to associating debt with negativity. Borrowing money to reach a goal is actually a good thing: A student loan, mortgage or small business loan is an investment in your future.