When a credit card company agrees to accept less than the full amount you owe — say, $20,000 on a $30,000 balance — it’s ...

Michael Boyle is an experienced financial professional with more than 10 years working with financial planning, derivatives, equities, fixed income, project management, and analytics. Debt that cannot ...

If your credit card or personal loan debt has spiraled out of control, which is the case for a lot of borrowers in today's economic climate, hearing that a creditor "wrote off" your balance might ...

A charge-off is when a lender writes off your account as a loss and closes the account for further use. You are still legally responsible for the balance that is charged off. The lender may transfer ...

Since the start of 2023, Nevada has written off more than $106 million in bad debt, money that state officials have determined is impossible or impractical to collect. There were four businesses ...

Since the start of 2023, Nevada has written off more than $106 million in “bad debt,” meaning state officials have deemed it impossible or impractical to collect, according to a Nevada Independent ...

If you’ve been around closely held businesses long enough, you know that a transfer of money between a business and its owner, or between two related businesses, is sometimes characterized by the ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...