Explore when going into debt is a smart move and when isn't it. Learn how to manage debt and what you can you do if you're having trouble paying.
If you're in serious debt difficulties, you may want help negotiating with lenders to lower your payments and possibly reduce interest rates. Look for a nonprofit credit counselor on the websites of the Financial Counseling Association of America (fcaa.org) and the National Foundation for Credit Counseling (nfcc.org).
Information about your credit history goes into a credit report. This includes information on where you live, how you pay your bills, and whether you’ve been sued or have filed for bankruptcy. Nationwide credit reporting companies sell the information in your report to creditors, insurers, employers, and other businesses that use it to evaluate your applications for credit, insurance, employment, or renting a home.