Credit Card Debt News

A few weeks back, when I wrote about the joys of the 15-year mortgage, I got the same reaction from a lot of people: "Why would you repay a loan when at these low rates, it's practically free money?" I hear this about a lot of things.

HUNTSVILLE, Alabama -- Charles Walker Dunnavant, who is facing multiple child sex abuse and related charges, is now being sued by his former employer, Redstone Federal Credit Union, for repayment of loans and credit card debt.

The Federal Reserve Bank of New York says Puerto Rico needs to cut its debt to levels from 2000.

Josh Elledge is chief executive "Angel" of SavingsAngel.com , a website that teaches consumers how to save money through a free money savings video eCourse and podcast .

The Urban Institute released a new study, showing a third of Americans have unpaid bills or owe money to collection agencies.

Feel like you lack the discipline to pay down your credit card debt? One option is to borrow money to pay back the money you borrowed, with a personal loan.

A pair of Democratic lawmakers have introduced a bill that would provide tax relief to student loan borrowers who have been granted debt relief after consistently repaying their student loan debt for at least 20 years, giving them an exemption from being taxed on the amount forgiven on the loans.

Today's Paper, also known as the e-Edition, is an online replica of the printed newspaper.

"They should reach out to a non-profit credit counseling organization if they need help understanding the report or resolving their debt."

You've heard of people getting trapped in credit card debt even though they're making large monthly payments.

That knowledge is fueling an attempt to change the way people connect at work. Asana, a , peddles software that combines the elements of a communal notebook, social network, instant messaging application and online calendar to enable teams of employees to share information and do most of their jobs without relying on email.

While many college-bound students will spend their summers preparing for the fall semester, few will ask themselves if they are financially prepared for the next four years.

More than 35 percent of Americans have debts and unpaid bills that have been reported to collection agencies, according to a study released Tuesday by the Urban Institute.

It's easy for people to see the benefits of using a credit card. They offer the convenience of carrying around cash, while having protections against loss and theft.

The Urban Institute has an interesting 14-page synopsis on Delinquent Debt in America .

As long as you have a fun fund, you don't have to deprive yourself of a trip to the movies.

The average U.S. household owes more than $7,000 on their credit cards. Average U.S. household mortgage debt is around $154,000, and average U.S. household student loan debt is more than $33,000.

My wife and I have $25,000 in credit card debt, $2,500 in medical bills and $89,000 each in student loan debt from when we each got our masters' degrees.

Dear Dave: My wife and I have $25,000 in credit card debt, $2,500 in medical bills and $89,000 each in student loan debt from when we each got our master's degrees.

In this May 9, 2012 file photo, a Visa credit card is tendered at opening of the Superdry store in New York's Times Square.