The statute of limitations also plays a critical role. Each state sets time limits on how long a creditor can sue you for ...

The likelihood that a debt collector will sue you over an unpaid balance depends on the debt, the amount and how collectible ...

Secured debt uses an asset as collateral to secure the loan, while unsecured debt doesn’t require any collateral. If a borrower fails to repay the loan as agreed, the lender can seize the collateral.

Debt is often discussed in negative terms, but debt isn’t just good or bad. It falls on a spectrum, and how you manage it plays a big role in how it impacts your finances. Bad debt is usually ...