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 ...

Pay-for-delete promises to erase collection debt from your credit report, but the results of this strategy can vary.

Just the sound of a ringing phone can trigger instant trepidation when you're dealing with calls from debt collectors. Whether it's related to an unexpected medical bill, a credit card balance that ...

(WJAR) — It's bad enough having a debt collector come after you when you owe money. It's even worse when you don't owe them a dime! “What these phantom debt collectors do is they will try and collect ...

Freedom Debt Relief reports that negotiating credit card debt can lead to lower payments, waived fees, or partial forgiveness ...

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Millions of Americans struggle with looming credit card debt, with many making fixing their credit and digging out of debt ...

Your debt will be turned over to a collection agency, and your credit score will likely take a severe hit. Here's what to do about it. Many or all of the products on this page are from partners who ...

The average interest rate on a bank credit card is currently 21.5%. That’s the highest level since the Federal Reserve started tracking the data in 1994, according to The Associated Press. Do you have ...

Debt may get a bad rap, but the reality is, it's not all bad. Sure, the ideal financial situation may involve being totally debt free, but in certain instances and under certain circumstances, taking ...