FDIC Consumer News Offers Tips on Dealing with Debt — 2017-12-04

Whether you have a little bit of debt or a lot, managing it wisely and ultimately paying off what you owe can be crucial to your financial well-being. The Fall 2017 FDIC Consumer News suggests ways to handle different kinds of debt, including:  What to do if you’re struggling to pay your loans, credit cards or other bills;  Tips on financing a car and getting the best terms possible for an auto loan;  Information on why your credit card interest rate can go up and how to deal with rate increases; and  Things to consider before co-signing a student loan, which can be risky because you are promising to pay the loan back if the student-borrower fails to do so. This edition of the newsletter also provides basic information about how the Fair Debt Collection Practices Act protects consumers from abusive, deceptive and unfair debt collection practices.