Debt Relief Articles

Foreclosure is the legal process by which a lender repossesses a property from its owner when the borrower does not make payments on their loan.

A dependent is someone who relies on another individual for the financial support they need to meet their basic expenses. An individual can be a dependent of different people throughout their life, such as...

Debt is money that you owe to another person or company. It usually comes in the form of a loan, where you borrow money and then have to pay it back with interest.

Liquidation is a process in which assets of a company are sold off to settle its debts.

Interest rates are the cost of borrowing money. The amount charged for this loan is commonly referred to as the interest rate. Interest rates can vary based on several factors, including the amount borrowed...

Debt ceiling is a term that refers to the maximum amount of money that can be legally borrowed by the US government.

A Guarantor is the person who promises that a borrower will pay back his or her debts.

The Fair Debt Collection Practices Act (FDCPA) is a federal law that protects consumers from unfair and abusive debt collection practices. 

Debt consolidation is the process of combining all your debt (credit card, mortgage, student loan) into one monthly payment. A consolidated debt is paid off with a single loan.