The average interest rate on a bank credit card is currently 21.5%. That’s the highest level since the Federal Reserve started tracking the data in 1994, according to The Associated Press. Do you have ...

Running a business involves risk, but unpaid invoices shouldn’t be the gamble that sinks your ship. Bad debt—money owed to ...

Good debt can increase your net worth and build in value over time. Bad debt is money spent on items that lose their value. Balancing good and bad debt is important to your financial wellbeing. While ...

Determining whether a debt has become worthless always is a question of fact which requires consideration of all pertinent evidence—including the debtor’s financial condition and the value of any ...

Unheard of staffing shortages in nursing home billing offices are leading to billing lapses and major uncollectible or ‘bad’ debt amounts. A $4 million case in Connecticut is fueling observers’ ...

According to Orman, bad debt "is where you are paying for your present day desires, but your costs are going to be your future day needs." The most common example? Credit card debt. It typically comes ...