Americans now hold a record $1.21 trillion in credit card debt, but some consumers could have their bills cut in half.

The government shutdown has caused payments to not be sent out for the month of November, causing millions of Americans to ...

Lenders typically reserve forgiveness — also known as debt settlement — for borrowers who are clearly struggling and unlikely ...

Debt cancellation can erase what you owe under certain circumstances, but it's not always as simple as it sounds.

Both credit card charge-offs and debt settlement can harm your credit, but one gives you a chance to recover faster.