Both credit card charge-offs and debt settlement can harm your credit, but one gives you a chance to recover faster.

Paying off a charged-off credit card can help your credit and finances, but only if you handle it the right way.

Having debt written off may sound like you're getting a clean slate, but it can come with lasting consequences.

Many consumers believe that unpaid credit card debt disappears after seven years, but that's not entirely true, and while ...

A charge-off is when a lender writes off your account as a loss and closes the account for further use. You are still legally responsible for the balance that is charged off. The lender may transfer ...

Household debt just hit a new all-time high. Here's how to slash your high-rate card balances before they spiral.

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 ...

I’m sorry to hear about your financial woes, but know that you’re not alone. Credit card debt has become a big problem in this country for millions of older Americans. According to a recent AARP ...

Carrying debt into retirement can strain your finances—here’s how to strategically pay it down and protect your fixed income.

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Got credit card debt? Want to pay it off? Oddly enough, another credit card might just be your best bet. It’s one of the stranger ironies in personal finance: Credit cards carry some of the highest ...

As inflation continues to hit families across the U.S., a new survey has revealed that credit card debt is a growing concern for more than half of Americans. According to exclusive poll data from a ...