The letter or notice should include the amount you allegedly owe, the name of the original creditor and instructions on how to contest the debt if it’s not yours. Once you receive the validation ...

Re “National debt” (Your Views, June 3): A recent letter closed with, “To set our nation back on the path of fiscal responsibility, hard decisions resulting in sacrifice absolutely must be ...

Debt that is used to buy a house, take out a student loan, or start a business can be considered “good” debt. All of these uses for a loan can provide an increase in value upon resale, or it ...

Learn about the distinctions between good debt versus bad debt. Learn how to leverage debt as a tool for financial growth while avoiding pitfalls that could hinder your economic health.

Not all debt is created equal: Understanding the difference between good and bad debt by Megan Sayles AFRO Staff Writer April 21, 2025 April 23, 2025 Share this: ...

A charge-off as bad debt reflects poorly on your past payment history. Considering that 35 percent of your FICO score is based on payment history , you can expect your credit score to be adversely ...