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 called a debt settlement. The lender agrees to forgive the remaining $10,000, ...

There’s no way to sugarcoat that millions of Americans carry heavy debt. Whether it’s credit card debt, school loans, or personal loans, debt is a very real thing that can be detrimental to our ...

Americans suffer high amounts of consumer debt, primarily revolving credit card debt. In February 2025, the average credit card debt per American was $6,455, up $194 from a year ago. However, that ...

Credit card debt can quickly be overwhelming. This Redditor has the money to pay off the debt. Ultimately, this person will pay more in credit card interest than she earns with her savings account.

Those with credit card debt often suffer in silence, embarrassed by their financial circumstances. Chances are, though, someone close to them is or has been in a similar position. In fact, according ...

TULSA, Okla. — Racking up credit card debt can leave folks feeling ashamed. Digging out can leave you feeling overwhelmed. Looking at a big stack of credit card bills can lead to anxiety over how to ...

Tom Francis from Octopus Money answers your questions about personal finance in our new Budgeting Clinic series ...

Credit card debt is one of the most expensive types of debt. Interest rates can get high in a hurry, and your balance starts compounding if you don't pay it off by the end of the billing cycle. A ...

Nearly a quarter of Americans with credit card debt say they may never pay it off. Emergency expenses and daily living costs are the top reasons for carrying debt. Fewer than half of credit card ...