When a credit card company agrees to accept less than the full amount you owe — say, $20,000 on a $30,000 balance — it’s ...

Credit card debt can feel overwhelming when bills start piling up. Maybe you’ve lost your job, faced unexpected medical ...

If your credit card or personal loan debt has spiraled out of control, which is the case for a lot of borrowers in today's economic climate, hearing that a creditor "wrote off" your balance might ...

Home equity loans and home equity lines of credit (HELOCs) have lower interest rates than credit cards. That can lead some homeowners to use them to pay down large credit card bills. But this method ...

For Kevin St. Pierre, the math on credit cards is pretty simple. “Generally, if the consumer has income, they pay their debts,” St. Pierre, an analyst at Sanford C. Bernstein, said in a note to ...

Natalie Campisi is a senior journalist who covers personal finance, balancing timely news with in-depth enterprise reporting. Her mission is to make complex financial issues clear and accessible for ...