As 2025 winds down, many households are feeling the effects of another expensive year. Credit card APRs remain firmly above 22% on average, and the holiday spending season is already pushing balances ...

When a credit card issuer agrees to forgive a portion of your balance, you may receive an official letter stating that a portion of your debt has been forgiven. This marks a significant milestone in ...

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 ...

Credit One Bank agreed to a $10.2 million settlement after almost five years of litigation with a group of California district attorneys. The suit alleged that the bank's vendors made harassing phone ...

It's important to know what your rights actually are when you're dealing with aggressive debt collectors.

Debt management programs can lead to lower rates on credit cards, waive late fees, and bring delinquent accounts current to stop collection activity, according to GreenPath Financial Wellness. Buzz ...

Complaints about aggressive debt collection have skyrocketed in recent months, federal data shows, a sign that more Americans are falling behind on credit cards and medical bills. The rise in ...

Credit card debt is often the most costly type of debt Americans can take on, largely due to the incredibly high interest rates many cards carry. On top of credit card debt being at a record high, the ...