Debt falls on a spectrum. Mortgages and student loans can build long-term value, while high-interest credit cards and payday ...
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 ...
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 ...
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 ...
Meredith Mangan is a senior editor and expert on personal loans. Fox Money is a personal finance hub featuring content generated by Credible Operations, Inc. (Credible), which is majority-owned ...
The Tax Court held that a corporation’s shareholder resolution canceled all shareholder loans and converted them to paid-in capital, removing the existence of any debts that could have supported the ...
Disputing a debt can be smart in some cases, but the process can also get complicated. Here's what to know now.
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 ...
A new rule will prohibit a certain type of bad debt from appearing on credit reports. The rule, announced by the Consumer Financial Protection Bureau, prohibits unpaid medical bills from appearing on ...
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Barry Dolowich, Tax Tips: Bad debt deduction

2. A debtor-creditor relationship must exist at the time the debt arose. You have a loss if there was a promise to repay at the time the debt was created and you had the right to enforce it. If the ...
U.S. hospitals and health systems in many regions are seeing a sharp rise in uncompensated care, with new data showing big increases in bad debt and charity care deductions during the first quarter of ...