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 ...

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.

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.

As the 118th House kicks off official business, lawmakers are set to embark on a contentious showdown over federal government spending and the nation's debt limit—an issue many experts believe ...

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.

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 ...

While lawmakers in Congress have a debate over whether to raise the debt ceiling, the actual definition of “debt ceiling” may get lost in all the political noise in Washington.

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.

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

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