What Happens To Your Debt When You Die?

What Happens to Your Debt When You Die?

In an ideal world, you wouldn’t have any debt to pass on to your family. But whether it’s caused by circumstances or life choices, some of us will inevitably be in the red even when we’re dead. Let’s take a deeper look at what happens to your debt when you’re gone.

Considering Credit Counseling? Here’s What To Expect

Considering Credit Counseling? Here’s What to Expect

The myth that debt management plans are the only services that counselors provide is just one misconception consumers have about credit counseling. It just happens to be one of the most persistent. So what does actually happen when you sign up for credit counseling? Here are five things to expect.

Bouncing Back from Financial Struggles

As Freddie Mac notes, credit repair is not an overnight fix -- it's something that takes months, even years to achieve. But with time and diligence, anyone can take their bleak financial situation and turn it around. Here are four strategies to help you bounce back.

Why Your Monthly Debt Payment Matters So Much

Keep these important elements of your monthly debt payment in mind. They could mean the difference between a debt-free life with a solid credit history and piles of debt with a not-so-good credit score. Read on to find out what these important elements are.

VA Loans – Residual Income Requirements

Residual income is sometimes confused for debt-to-income ratio, which is your monthly income vs. your monthly debt. Residual income is the amount of money that is left over each month after all of your major expenses are paid – including housing, taxes, and debt payments.