A borrower is in default after an extended period without making payments and failing to restore the loan to good standing.

As the credit card bills pile up and the variable interest rates on your cards climb higher, it's easy to become trapped in a cycle of debt that you can't easily overcome. And, when you add the ...

If you've taken out a personal loan, used a credit card or bought a home with a mortgage at any point in the last couple of years, you're likely well aware of how challenging today's borrowing ...

When debt piles up, it can start to feel like there's no way out. After all, credit card minimum payments barely chip away at your balances, the interest charges keep climbing, and if you're behind on ...

In a February 2024 report, the U.S. Government Accountability Office (GAO) developed recommendations for the IRS to bolster the results and increase the equity of its private debt collection (PDC) ...

Many Americans are deep in the red. In fact, household debt hit $18.59 trillion in the third quarter of 2025, according to the Federal Reserve Bank of New York. As people find themselves drowning in ...

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We might earn a commission if you make a purchase through one of the links. The McClatchy Commerce Content team, which is independent from our newsroom, oversees this content. Healthcare costs are at ...

An ongoing effort to wipe out up to $700 million in medical debt for Wayne County residents has made a discovery some may find surprising. Those most in need of medical debt relief were not the ...