Debt Management and Settlement

This living topic covers the various aspects of debt management, including the challenges and strategies of dealing with different types of debt such as credit card debt, student loans, and medical bills. It highlights the stress and financial burden debt can cause, the illegal practices by some debt collectors and companies, and the legal protections available to consumers. The topic also provides insights into debt settlement options, federal and state interventions to protect consumers, and practical advice for managing and reducing debt. Additionally, it discusses the implications of national debt on individual finances and the economy, and includes personal stories and expert advice to help consumers navigate their financial challenges.

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A growing number of consumers struggle to manage their debt

A survey found money problems are linked to credit scores

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Key Takeaways

One in three consumers are struggling with debt, and over a third cannot pay all of their bills on time, according to a new survey from Achieve.

Financial well-being is closely linked to credit score — only 3% of consumers with Poor credit are debt-free, compared to 36% of those with Excellent credit.

Achieve offers expert-backed strategies to help households prioritize bills, communicate with creditors, and explore debt relief options during Financial Literac...

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