Credit Card Debt News

According to an analysis by Pulitzer-Prize winning reporter David Cay Johnston , formerly of the New York Times , the Bush tax cuts, touted as a harbinger of prosperity by the Republican Party, actually robbed each American taxpayer of $48,000 in pre-tax personal income during the twelve years of their existence, for a total of approximately 6.6 ... (more)

Breaking News: Most 15-year-olds are clueless about money. That bit of wisdom comes courtesy of the Organization of Economic Cooperation and Development, which quizzed 29,000 15-year-olds in 18 countries.

Many high-school graduates face a rude introduction to adulthood when they find themselves with student loans and credit card debt they cannot repay.

Sandra Stroupe stole more than $605,000 from the Clover Associate Reformed Presbyterian Church while working as a bookkeeper to supplement her family’s income, pay for living expenses, purchase “relatively modest gifts and luxuries,” and pay off credit card debt that spiraled out of control, according to court documents.

If dipping into your retirement savings to finally pay off that pesky credit card bill sounds like a good idea, you should probably think twice.

Signs show that consumers are more willing to take on credit-card debt again. The result should be consistently positive loan growth at card companies So said Nomura Securities analyst Bill Carcache in a research note on Thursday.

Retirement has become a good news/bad news scenario. The good news is we're living longer and the bad news is we're going to need more money.

One of the best feelings and positions in life is to be financially free. Financial freedom found from building sizable savings and being debt free can happen at any age with the proper planning.

It seems Americans walked away from the recession with a key lesson about credit cards: If you're going to use them, pay them off as quickly as you can.

Dear Debt Adviser: I was wondering if working with a credit counseling service to lower your interest rate affects your credit score.

Residents of the Beehive state continue to be plagued by the rising costs of housing, insurance, medical care and fuel.

Everyone knows about the seven deadly sins - envy, gluttony, greed, lust, pride, sloth, and wrath.

The share of credit-card bills being paid on time is near a two-decade high, according to new data released Thursday by the American Bankers Association .

If you're up to your eyeballs in debt and can't see a way out, the idea of moving to another country and ditching your debts may be very appealing.

Judging by the sheer volume of merger and acquisition activity taking place, it appears that gobbling up a competitor or aligning with a strategic partner has replaced the buyback phenomenon.

I became a fee-only financial planner because I fell victim to many of these scenarios that I mention below.

Prepaid debit cards are currently all the rage. These cards are sold at gas stations, grocery stores, drug stores and office supply stores, and several celebrities are creating branded cards with their names.

With smart changes, debtors can bring down the expenses associated with their debt to make their payments go further.

Credit card balances grew in May by 2.5 percent, according to the Federal Reserve , extending a 12 percent surge the month prior.

Your browser is not supported. Please upgrade to one of the following browsers: Google Chrome Mozilla Firefox Apple Safari Microsoft Internet Explorer 8+ You may proceed to the site by clicking here , however some pages might not work correctly.