This does not mean you are off the hook for paying the remaining debt. In many cases, the debt is sent to a collection agency that will try to recover the balance owed.

The U.S. government could default on its federal debt by June 1, threatening to trigger a deep recession and halt payments for millions of U.S. households.

When debt collectors call, your next move could cost you or protect you. Consumer Investigator Rachel DePompa talks to Tayne ...

The tentative agreement to raise the government's current $31.4 trillion borrowing limit was reached over the weekend after several weeks of tense negotiations -- but the drama is far from over.

House Republicans Hold Their Caucus Meeting On Capitol Hill WASHINGTON, DC - JANUARY 10: (L-R) Rep. Chip Roy (R-TX) and Rep. Patrick McHenry (R-SC) walk to a closed-door GOP caucus meeting at the ...

4 things debt collectors can't do if you owe money. If you owe money to a debt collector, they're prohibited by law from doing the following: Harass or threaten you.

What To Do if You’re Sued for Credit Card Debt. Step 1: Don’t panic. ... it has likely exhausted its options in contacting you to pay it. But that doesn’t mean there’s no hope.

Dealing with debt collectors can be stressful, especially if you're not sure what they're allowed -- and not allowed -- to do. The good news is that the law is on your side.

What does debt settlement mean? Debt settlement reduces the amount you owe. This debt relief program requires negotiating with your creditors to a settled amount for a single lump sum payment upfront.

A creditor’s ability to collect on your debt even after it’s charged off depends on the state you live in. Keep in mind: Charged-off debt is not the same as canceled debt.

A creditor’s ability to collect on your debt even after it’s charged off depends on the state you live in. Keep in mind: Charged-off debt is not the same as canceled debt.