Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTChristy BieberSat, September 19, 2026 at 3:30 PM GMT+2 5 min readwestend61/EnvatoAround 57% of households have some type of unsecured debt, including credit cards and personal loans. This debt can be a financial burden because borrowers must make monthly payments and cover interest.Once you've taken on debt, you're committed to paying it back. Otherwise, you could hurt your credit score and face collection activity. But what happens if the company you borrowed from runs into financial trouble and goes out of business? Does that mean your debt disappears?Must ReadJeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being oneDave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake.