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 called a debt settlement. The lender agrees to forgive the remaining $10,000, ...

Credit card borrowers are falling behind at a pace the United States has not seen since the aftermath of the Great Recession, with serious delinquencies climbing to their highest level in more than a ...

American Express' (NYSE:AXP) August consumer credit card delinquency and net charge-off rates were unchanged from the prior month, the company said in a Monday filing. The U.S. consumer card ...

U.S. credit card loan defaults have skyrocketed to levels unseen since the 2008 financial crisis. Credit card lenders wrote off a staggering $46 billion in seriously delinquent loan balances in the ...

If your credit card or personal loan debt has spiraled out of control, which is the case for a lot of borrowers in today's economic climate, hearing that a creditor "wrote off" your balance might ...

A charge-off is a debt that has gone unpaid for a sufficient amount of time and is deemed uncollectible by the creditor. Charge-offs do not erase your debt, and you are still responsible for paying it ...

For Kevin St. Pierre, the math on credit cards is pretty simple. “Generally, if the consumer has income, they pay their debts,” St. Pierre, an analyst at Sanford C. Bernstein, said in a note to ...