For many people carrying high-interest debt, debt consolidation is often the first strategy they consider. This may involve a personal loan or a Home Equity Line of Credit (HELOC) that consolidates multiple credit card balances into a single payment at a lower interest rate, helping you get rid of your debt faster.

Credit card debt is an embarrassment to many Americans. It is especially embarrassing, apparently, to people who earn a lot.

A fair credit card debt settlement is typically somewhere between 50% and 70% of your outstanding balance, though settlements can range anywhere from 30% to 80% depending on various factors. If you owe $10,000, for example, you might negotiate to pay between $5,000 and $7,000 to settle the account in full.

Nearly half of Americans with a credit card carry a balance, 22% of which say they don’t think will ever be paid off, according to a new Bankrate survey. Sixty-one percent of Americans who have

According to a new study by Bankrate, 61% of people with credit card debt have been holding it for at least a year — up from 53% in late 2024.

You can stop bleeding interest on credit card debt with one of these cards, allowing you to transfer a balance and not pay interest for as long as 24 months.

Former Mayor Lori Lightfoot was sued late last year for unpaid credit card debt, records show. Lightfoot was served in October at her Chicago home with a lawsuit from JP Morgan Chase Bank for allegedly failing to pay about $11,