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.

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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What Is Credit Counseling and How Can It Help?

Bankruptcy isn't the only solution for those struggling with major debt. Credit counseling may be a helpful option.
 

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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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How Can I Lower My Monthly Bills?

Don’t dread paying bills each month and make sure you’re not paying more than you should.

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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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[Video] Can I negotiate medical bills with my doctor or hospital?

If you need treatment for Covid-19 or another ailment, be sure to know your options.

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