Americans now hold a record $1.21 trillion in credit card debt, but some consumers could have their bills cut in half.

Credit card companies may settle for far less than you owe, but how much (or little) depends on your approach.

Curious about debt settlement? Find out what you need to know to avoid scams and select the right options for your financial ...

Tackling $30,000 in credit card debt fast isn't easy, but with the right strategy, it's not impossible either.

Debt settlement means paying less than you owe to close out an account balance. Many consumers hire debt settlement companies or attorneys to help them negotiate debt. You may be able to save money by ...

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...

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The percentage of credit card accounts that were at least 90 days past due hit a 12-year high in the fourth quarter of 2024. According to data from the Federal Reserve Bank of Philadelphia, 0.90% of ...

Some Credit Solutions of America clients say debt grew under guidance. DALLAS, July 24, 2009— -- In these troubled economic times, it seems as if it's impossible to turn on the radio without ...