When approaching creditors, preparation is key. First, you need to be able to show each individual creditor that you really are underwater and that paying off all of your debts would be impossible.

An Australian consumer affairs body is investigating the boss of a collapsed caravan company which owes millions of dollars to creditors but only has three vehicles to repay everyone.

If you can’t get favorable terms through a hardship plan or your issuer doesn’t offer this assistance, there’s still an ...

Should you refinance your mortgage in light of the Fed's rate cuts? Here's why holding off until the new year could work to ...