Debt Relief Articles

A debt collector is an entity that tracks down and collects payments on overdue debts. A debt collector may be an attorney, a credit collection agency, or even the original...

A creditor is any person or organization to whom money is owed. This can include banks, individuals, businesses and government entities. When a consumer takes out a loan...

A 401(k) is a retirement savings plan sponsored by an employer. It lets workers save and invest a piece of their paycheck before taxes are taken out. Taxes aren't paid until...

The Truth in Lending Act (also known as the TILA) is designed to promote the informed use of consumer credit. It requires lenders to provide customers with clear...

A secured loan is a type of loan that is backed by collateral, which is an asset that the borrower pledges as security for the loan. This collateral serves as a guarantee for the...

An annual percentage rate (APR) is a measure of the cost of borrowing money, expressed as a yearly interest rate. It is typically used to compare different loan or credit products...

A loan officer is a financial professional who works for a bank, credit union, or other lending institution. Their primary responsibility is to evaluate loan applications and determine...

The Federal Reserve System, also known as the "Fed," is the central banking system of the United States. It was created in 1913 by the Federal Reserve Act in response to a series...

Home equity refers to the portion of a homeowner's property that they own outright. It is calculated by subtracting the remaining balance on the mortgage from the...