OVLG Knowledge Center

News about debt, taxes and all things personal finance

debt relief articles

How to Get Out of Debt: 13 Expert-Backed Steps for Success
2021-06-25

How to Get Out of Debt: 13 Expert-Backed Steps for Success

Dealing with debt can feel like a hopeless situation.You try your best to make your payments, but interest charges eat up all your progress. Next month, you’re back to square one.Sound familiar? Don’t worry:You don’t have to be stuck with debt forever. We reached out to several experts and got [...]

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Are you liable for your deceased parent's medical bill?
2021-06-22

Are you liable for your deceased parent's medical bill?

Are you liable for your deceased parent's medical bill?It’s no secret that the cost of medical care is high, and keeps getting higher. Medical debt is the number one cause of bankruptcy in the United States, and many consumers are one car crash or major illness away from crushing medical debt. It [...]

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How Can You Manage Credit Card Bills During This Pandemic?
2021-05-10

How Can You Manage Credit Card Bills During This Pandemic?

The coronavirus has devastated our lives, be it physically or financially. On October 5, 2020, about 426 new coronavirus deaths and 42,223 new cases were reported in our country.On the other hand, a CNBC report reveals that almost 9 out of 10 people in our country are financially stressed due to the [...]

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When can debt collectors snatch your tax refunds, and what can you do about it?
2021-05-06

When can debt collectors snatch your tax refunds, and what can you do about it?

Have you filed your income tax returns? Expecting a refund? If so, then you’ve probably already planned how you’re going to use that money. Whether you plan to repair your home, pay off credit card bills, or buy a laptop is completely irrelevant if a debt collector takes away your tax refund. Wh [...]

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All you need to know about the present student loan debt crisis
2021-04-06

All you need to know about the present student loan debt crisis

Student loan debt stands at $1.7 trillion in 2021. About 69% of undergraduates borrowed student loans in 2019 and graduated with an average debt of $30,062. This includes both federal and private student loans. Parents are also not left behind.As per data reported to US News, the college graduates f [...]

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What is Public Debt?
2021-03-24

What is Public Debt?

The national debt is the sum a government owes to external lenders. Individuals, corporations, and even other governments can fall into this category. The terms “public debt” and “sovereign debt” are sometimes used interchangeably. The term “public debt” generally applies only to the nat [...]

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How can you save money while settling debts?
2021-03-16

How can you save money while settling debts?

Debt settlement is an efficient approach where you need to pay a fraction of your debt amount. It is a convenient way of getting rid of massive debt within a short time. Your outstanding balance can be reduced by the debt you need to pay.Ways to settle your debts successfullyIf you are going through [...]

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Is that a debt collector calling you? What should you say to him?
2020-11-24

Is that a debt collector calling you? What should you say to him?

Calls from debt collectors can spoil your mood and jeopardize your financial life. However, learning how to handle these calls and what to say and not to say can help you avoid financial troubles, legal issues, and emotional stress. This post is all about that. What should you do when you receive a [...]

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How to use a personal loan to pay off debt and in other ways
2020-11-16

How to use a personal loan to pay off debt and in other ways

Student loans are meant for undergraduates whereas home loans are given to first-time or second- time home buyers. But what about personal loans? Personal loans are unsecured loans that you can get from banks, lenders, personal finance companies, and financial institutions. You can use personal loa [...]

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Last Updated on: 16 Apr 2018