Discover what odious debt is, how it operates, and examples of its occurrence. Learn why successor governments may refuse to honor debts from previous regimes.

The Federal Reserve Bank of New York reported U.S. household debt increased to $17.5 trillion in the fourth quarter of 2023. Credit card debt, mortgages and auto loans led to those debt figures. But ...

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 take ...

Could your debt be reduced or forgiven? Take our financial relief quiz. If you’re a business owner extending credit to customers, then you’ve likely had an experience with bad debt or will at some ...

The lower the DTI for a mortgage the better. Most lenders see DTI ratios of 36 percent or less as ideal. It is very hard to get a loan with a DTI ratio exceeding 50 percent, though exceptions can be ...

Could your debt be reduced or forgiven? Take our financial relief quiz. If you live in the state of Florida and have debt in collections, you should know which rights and protections are afforded to ...

Financial statements are like a report card for a business. They highlight a company's health and financial wellness through numbers like income and debt. These statements come in different forms, ...

Debt: Almost all Canadians have it. In fact, Equifax Canada’s Market Pulse Consumer Credit Trends and Insights Report found that consumer debt levels rose to $2.5 trillion at the end of hte first ...