Credit card debt doesn't just disappear, but after a certain point, your creditors may be forced to write it off.

Bad debt can also affect your credit. Your credit utilization, which is the percentage of your available credit that you're using, plays a major role in your credit score. High balances and maxed-out ...

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 ...

There’s a lot of talk about debt and whether it is good or bad. As a general rule, when discussing money matters or, really, anything in life, whenever superlatives are used, something is probably ...

Having debt written off may sound like you're getting a clean slate, but it can come with lasting consequences.

Inflation may be slowing but many of us are still feeling the pinch in real life as we head into Christmas, the busiest time of year for our bank cards. The cost-of-living crisis along with rising ...

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 ...

You may be eligible for a debt consolidation loan even with bad credit, if you know where to look Written By Written by Contributor, Buy Side Amy Boyington is a contributor to Buy Side and a finance ...