six years A CCJ will stay on your credit report for six years, even if you pay it off during this time. After six years it will no longer appear on your c...

In Chapter 13 bankruptcy, you get to keep all of your property in exchange for paying back all or a portion of your debts through a repayment plan. Furthe...

Period 2 elements (carbon, nitrogen, oxygen, fluorine and neon) obey the octet rule in that they need eight electrons to complete their valence shell (lit...

When a creditor sues you and wins, the court issues a money judgment against you. Once the creditor has a money judgment, it can use various methods to co...

seven years Any collection entries related to the same original debt will disappear from your credit report seven years from the date of the first missed ...

In the past, debt and bankruptcy wouldn’t impact your ability to become a permanent resident or citizen. Immigrants applying for a visa, green card, or ci...

If you file for bankruptcy, you can keep the funds in your bank account as long as your state has a rule allowing you to “exempt” the money. What’s the mi...

OECD Glossary of Statistical Terms – Net present value (NPV) of debt Definition. Definition: The nominal amount outstanding minus the sum of all future de...

To prevent medical bills from going to collections while you’re making payments, set up a payment arrangement with the provider and get it in writing. If ...

A debt-to-income ratio of 20% or less is considered low. The Federal Reserve considers a DTI of 40% or more a sign of financial stress. Is 16% a good debt...