Debt Management

Learn how debt can affect your credit scores, plus the different types of debt (both good and bad), and best practices for paying it off.

How to Manage and Pay Off High-Interest Debt

Here are a few important things to consider when it comes to managing and paying off high-interest debt.
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What Are the Different kinds of Debt?

You may think that all debt is the same, but loans and other debts can have different impacts on your credit scores.

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[Video] What Is a Credit Utilization Ratio?

Your credit utilization ratio is a factor in calculating your credit scores. Learn more about credit utilization and how it can impact your credit.

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What Is Wage Garnishment?

A wage garnishment is when money is withheld from an employee’s earnings to pay back debt. Learn about garnished wages and what to do if it happens to you.

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What Is a Debt Consolidation Loan? Does Debt Consolidation Hurt Your Credit?

When considering debt consolidation, it's good to know how this repayment strategy might impact your credit. At Equifax, we cover why debt consolidation may be a good idea, including the pros and cons.

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What Can a Debt Collection Agency Do?

Collection agencies are used by creditors and lenders to collect funds that are past due or in default. Learn more about your rights and what collection agencies can and cannot do.

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You Ask, Equifax Answers: How Can I Stay in Good Standing with Lenders and Creditors?

What can you do to make sure that you stay in good standing with your lenders and creditors?

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Avoiding 'Credit Repair' Scams

"Credit repair" companies may sound tempting. But the truth is, there is no such thing as a "quick fix" when it comes to your credit. Learn how to recognize legitimate credit counseling organizations vs. scams. 

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[Video] How Can I Prioritize My Debt Payments?

Try these two strategies if you’re juggling multiple debts and unsure how to get started on repayment.

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[Video] How to Negotiate with Lenders

If you’re having trouble keeping up with your bills during the Covid-19 pandemic, your lenders may be more willing to work with you than you think.

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What to Know About Debt Sold to Collection Agencies

If you've got a debt in collections or one you think might be headed that way, here are a few things to keep in mind.

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Paying Bills: Help in Catching up When You’ve Fallen Behind

Steps to help catch up when you’ve fallen behind on bills. Here are strategies to help you recover if you find yourself behind on your bills.

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