Mortgages make up the majority of this debt. HELOCs (home improvement lines of credit) and auto loans take the second and ...

What is a debt-to-income ratio? Your debt-to-income ratio, also referred to as DTI, is a numerical representation of how much ...

If you’re ready to jump-start your journey to debt freedom before the end of the year, here are three strategies to make it ...

A secured debt can either be personal property or real property. Secured debts can be either repossessed or foreclosed to meet a judgment. Examples of secured debts are: loan for a house, loan for a ...

Unsecured debt is a form of borrowing that is not secured by a specific material asset. Since this type of debt doesn’t require an asset as collateral, there’s nothing specific the lender will ...

In theory, this is exactly how the snowball method of debt repayment works. Using the same budget and examples as above, you would prioritize paying your debt from the smallest balance to largest ...

For example, you may be able to access significantly lower interest rates than your current credit card APR. If you've already missed a couple of payments, or you have a lot of debt, you might find it ...

The way households and businesses react to current and expected future growth is very important for private debt. Given weak ...