Americans are carrying a lot of debt right now — and for many, the added financial pressure is pushing them toward a boiling point. Credit card balances are hovering near record highs, overdue medical ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. Not all types of debts carry the same risk of legal action, however.

View post: These 401(k) mistakes could cost you thousands of dollars Public pension liabilities should be treated like traditional government debt by policymakers. Pension obligations lack legal debt ...

Being served with a debt collection lawsuit may be one of the most stressful financial situations you can face when behind on payments. These legal actions don't come out of nowhere, though. They're ...