What Is Debt Settlement? Debt settlement is a process through which individuals and businesses can negotiate with their creditors to reduce the amount of debt owed, often by a significant percentage.

Unsecured debt is typically tied to a debtor’s creditworthiness and isn’t backed by any collateral or asset. Unsecured debt is debt that is not backed by any asset or collateral. Borrowers of ...

The term "national debt" refers to the outstanding financial obligation of a country. The national debt is what the federal government owes its creditors. It's made up of different types of debt ...

Has the debt limit ever been raised before? Yes, many times. Since 1960, Congress has acted 78 times to raise, temporarily extend or revise the definition of the debt limit, according to Treasury.

Does Social Security increase the national debt? It depends on how you define “debt.” The program pays $1.5 trillion a year and aids 70 million Americans.

What’s the difference between good and bad debt? Good debt builds credit or equity. Bad debt drains your money without long-term benefit.

A country's debt-to-GDP ratio is a metric that expresses how leveraged a country is by comparing its public debt to its annual economic output. Just like people and businesses, countries often ...

Debt financing is one way companies pay for their major expenses, but it's not the only way. Find out how companies use this tool to conduct business.

Learn about the debt-to-equity ratio, a key financial metric that reveals a company's financial leverage and risk profile.

Economics correspondent Paul Solman explains the ballooning national debt, how we got here and what it means for our economy and future generations.

What's considered high-interest debt? High-interest debt can be identified as debt that charges a rate above the average federal student loan or mortgage rate, according to credit bureau Equifax.

Understand what’s considered high-interest debt, how it impacts your finances and effective debt management strategies to prepare for the future.