It's not actually illegal for a debt collection agency to use text messaging to pursue outstanding debts. But it is illegal to do so while pretending to be a law firm.
Thousands of personal finance books today promise to teach you to spend less, save more and invest better but perhaps none said it better than a book published in 1937.
The traditional American Dream of owning a home and having 2.5 kids is quickly fading as younger generations strive to save more for retirement and become debt free.
Think that punishingly high student loan debt is just an American problem? As this infographic from Nonprofit Colleges Online show, it's actually an issue all over the world.
Some schools sending graduates out into the world with huge debts are campuses that aren't the bold-faced names that top the typical best colleges lists.
Americans' credit balances have finally begun to rise again, but overall, we're making real improvements in managing our debt. Here's what the trends tell us:
During the past six years, consumers have paid down their outstanding balances on most forms of debt, but student loan balances have continued to increase.
We all wish we could go back in time and tell ourselves to save more and spend less. Here's the financial advice older professionals would give their younger selves.
Mary and Larry had been married for over 30 years when a few years of bad choices put them $88,557 in credit card debt. But separately and together, they battled back.
LendingTree.com releases a new report on which states are hot, and which not, for bankers wanting to lend money to homebuyers, and the results may surprise you.
An anonymous donor bequeathed an enormous inheritance to the British treasury, but the government can't get it until it tackles its national debt.
As your future earnings prospects dwindle, it's vital to get your debt under control. With that in mind, here are four things that those 50 and up should consider.
U.S. consumers trimmed their overall indebtedness in the latest quarter, continuing a nearly five-year trend.
For the largest generation in history, the economic landscape looks bleak, and based on the latest reports, it's only getting bleaker.
Americans are notoriously body-conscious. We're also money-conscious. But does our obsession with weight and looks trump our concern about our personal finances?
If you trusted your son or daughter to keep track of their finances, and they slipped up, what in the world are you supposed to do?
Expert Global Solutions, the world's biggest debt collector, now has a debt of its own after settling charges from the FTC that it harassed consumers and broke the law.
We've rounded up 10 truly inspiring stories of real consumers who faced their debt head-on and managed to come out on the other side.
The financial state of a majority of elderly Americans is tenuous at best. And when your older relatives die, some of their money problems can become your problems.
Young adults typically get a bad rap when it comes to debt, but new research shows youthful consumers have gotten a lot smarter about using credit cards.