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 ...

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.

Welcome to the world, Jada -- you owe $22,000. And it's not gonna get better. That figure -- about the price of a new Camaro -- represents the share of the public debt carried by anybody born in ...

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.

A “charge off” is a complicated and an often-misunderstood term used when discussing credit-card debt. The misconception is that when your debt is charged off, you no longer owe it, but that ...

Millions of Americans are awash in debt from medical care. If you’re one of them, we have your options, whether the bills are new or a collector is calling.

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.

You may do so if you believe you’re not responsible for the debt. If you go this route, you’ll need to be able to prove the debt doesn’t belong to you. Otherwise, the court may rule against you.

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.