Right now, credit card balances are at record highs, and the interest rates these short-term borrowing tools come with aren't far off. Americans owe roughly $1.23 trillion in credit card debt, a ...

Credit card debt forgiveness: Is it possible? Quick to go up, painfully difficult to bring down. Sound familiar? Most U.S. adults have credit card debt, and if you’re struggling to pay yours off or ...

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...

There is not a single federal debt forgiveness program for older adults. However, options such as debt management plans, credit counseling, and debt consolidation loans are available. Debt forgiveness ...

Taking on too much credit card debt is all too easy, especially for students with lots of expenses and little income. Here's advice on paying it off.

Credit card debt is expensive and potentially bad for your credit score. The most cost-effective method for paying it off is typically the debt avalanche strategy.