Debt

Dealing with debt can be scary and overwhelming. Getting out of debt is tough, but it’s worth it. We’re here to help with that. Read advice on dealing with debt, strategies for paying it off, best debt relief options, bankruptcy and much more.

Debt Solutions

Explore the most common ways to take control of your debt and get tips on what to look out for when seeking help.

Explore more debt topics: Debt Collection | Bankruptcy | Tax Debt Relief

Debt Management Tools

Use these free tools to help you pay off debt and stay debt-free.

Debt Consolidation Calculator

See how much you can save with a debt consolidation loan.

Debt Settlement Letter

If you decide to settle your debts, you might need to write a debt settlement letter.

Early Payoff Calculator

See how sooner you could pay off a loan if you decide to start making extra payments.

Student Loan Refinance Calculator

See how much you could save (or not) if you choose to refinance your student loans.

Debt-to-Income Ratio Calculator

Compare your gross monthly income to your total debt payments.

Budget Calculator

Get a detailed overview of how much money you have coming in and what you’re spending it on.

Latest Articles

5 mins read

Can I Settle with the IRS Myself? (Best DIY Tips)

If you owe IRS back taxes, you may be wondering if you can settle with IRS yourself of if you'll need professional help from a CPA or tax relief company. Learn your options.

5 Easy Steps to Set Up an IRS Payment Plan

6 mins read

Pros and Cons of Hiring a Tax Relief Company (2022)

7 mins read

When Should I Hire a Tax Debt Relief Company? Top 4 Reasons

We review the top four most common reasons for when you should hire a tax debt relief company. We address everything from when your tax bill is past due to if you are looking for a new payment plan.

How Does Tax Relief Work? 4 Tips To Rid You Of Back Taxes

If you owe money to the IRS you may be wondering, How does tax relief work? We review four tips taken by taxpayers to get rid of their back taxes.

1 2 3 … 13 Next »

FAQs

Can you go to jail for debt?

Today, you cannot be sent to jail for a consumer debt (a credit card, medical bill, or payday loan). Tax debt, alimony, and child support are another story.

Despite this, some people are still finding themselves facing – and even serving – jail time for unpaid debts. Learn about how that happens
Can you walk away from debt?

You can choose to walk away from debt, but expect any number of these things to happen:
– aggressive demands from debt collectors
– repossession
– lawsuits from debt collectors
– your wage can be garnished
– lien on your assets…

Learn more about why walking away from debt is not a good idea
What is the statute of limitations on credit card debt?

The statute of limitations on credit card debt varies state by state and it varies from 3 to 10 years.

See the statute of limitations for each state
Where can I get help paying medical bills?

There are several places to look for help with your medical bills. In addition to government programs like Medicaid, Medicare and CHIP there is a number of non-profits that are able to assist you. Some of them are:
– RIP Medical Debt
– Patient Advocate Foundation
– PAN Foundation…

See the full list here
Is paying off a loan early a good idea?

Paying off a loan early might be a good idea and it might not be. The choice will depend on your personal goals, your financial situation, and the terms of your loans.

See all the pros & cons of paying off a loan early

The content on finmasters.com is for educational and informational purposes only and should not be construed as professional financial advice. Finmasters is not a financial institution and does not provide any financial products or services. We strive to provide up-to-date information but make no warranties regarding the accuracy of our information.

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