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If you’re facing big bills from a medical emergency, you probably have a million questions: Where do I start? What am I supposed to do? How do I pay this? What about my other debts?

It’s a new year, which means we’ve passed through the most wonderful time of the year and are inching closer to another important season – tax filing time. It doesn’t matter if you’re outsourcing your tax filing to an expert or handling it on your own; you need to start preparing now if you want to avoid procrastination and potential errors with your finances.

If you have a negative bank account balance, then this means that more money was taken out of the account than was available. Also known as an overdraft, a negative account balance can occur when a transaction against the account takes its overall balance below zero. Dropping a bank account’s balance into the red can be quite costly as many financial institutions implement steep fines for those who overdraft their available funds.

Zombie debt is old debt that has fallen off your credit report. So, it no longer impacts your credit score. Typically, this debt is seven years old or older.