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5 hidden costs of carrying credit card debt

These hidden costs are just as damaging — if not more so — than credit card interest and fees.

People's incomes are catching up with their debt

Credit card debt levels keep smashing records, but average balances are lower relative to borrowers' earnings than pre-pandemic and delinquencies are slowing.

Does debt consolidation or debt forgiveness make more sense with bad credit?

Finding the right solution to your high-rate credit card debt can be tough if your credit is less than ideal.

Struggling With Debt? Bankruptcy Can Provide a Second Chance.

Many people who should consider filing for bankruptcy avoid doing so out of shame or fear it could ruin their credit. But it can provide much-needed relief.

Business - The New York Times - November 9

Most Americans Expect Trump to Increase National Debt

A Reuters/Ipsos poll shows a majority of people think the President-elect will drive the country further into debt, beyond its current $35 trillion level.

Business - Inc. - November 8

Most Americans expect Trump to increase debt: Survey

A majority of Americans expect the national debt to rise under President-elect Donald Trump, according to a new Reuters/Ipsos survey conducted after the election. The poll found that 62 percent of ...

Politics - The Hill - November 8

China Moves to Ease Debt Concerns---but Again Holds Off on Stimulus Measures

Investors’ hopes for large-scale support for the economy were dashed after an anticipatory stock-market surge in recent weeks.

World - The Wall Street Journal - November 8

What will happen to the U.S. dollar, deficit and debt under Trump? Watch gold.

Gold’s performance may offer hints on what will happen to the U.S. dollar, and how the U.S. deficit and debt story will play out, as incoming U.S. President Donald Trump takes office, analysts say.

Business - MarketWatch - November 8

Can credit card debt in collections be forgiven?

There are lots of ways to deal with credit card debt that's in collections — but is debt forgiveness one of them?

Should I pay credit card debt that has been written off?

Paying off written-off debt may seem counterintuitive, but it can make sense in certain cases. Here's why.

Trump is the right president to finally tackle the national debt

Trump’s electoral victory will be much less meaningful if he leaves office in four years without addressing our debt and deficit problems.

Politics - The Hill - November 7

What happens when a credit card charge-off is sold to a debt collector?

Has your charged-off debt been sold to a debt collector? Here's what you can expect to happen next.

Can a 7-year-old credit card debt still be collected?

Credit card debt this old could still be collected on — but only in certain circumstances. Here's what to know.

US cancels $1.1bn of Somalia’s debt in ‘historic’ financial agreement

Commitment by Mogadishu’s largest single lender is latest in series of deals to forgive ‘unsustainable’ $4.5bn debt. Somalia has announced that more than $1.1bn (£860m) of outstanding loans will be ...

World - The Guardian - November 6

‘Positive’ medical debt credit reporting is a Trojan horse

Congress shouldn’t be fooled and let a Trojan horse hurt consumers by nullifying state laws and the CFPB’s effort to get medical debt off credit reports.

Politics - The Hill - November 6

Southern Water at risk of debt default in event of further credit downgrades

Bond issue documentation shows UK utility under pressure over high financing costs

Business - Financial Times - November 5

What will a debt collector do if I can't pay old credit card debt?

There are a few different strategies debt collectors can use when you're unable to pay off what you owe.

Will debt collectors sue over a $3,000 credit card debt?

A $3,000 credit card debt may seem minor, but some debt collectors could still aggressively pursue it. Here's why.

Is it ever OK to ignore credit card debt collectors?

It can be tempting to ignore debt collectors' aggressive tactics, but it's generally not the best approach to take.

Can a 10-year-old credit card debt still be collected?

It's common for debt collectors to pursue old debts, but do you still owe the money? Here's what to know.

7 credit card fees that increase the cost of your debt

Interest charges aren't the only things that can cause your credit card debt to balloon. These fees can, too.

3 important credit card debt relief moves to make this November

Dealing with credit card debt issues? You may want to take these steps toward debt relief this month.

Poor nations are choking on debt — we must grasp the solutions

Political instability and meagre investment hobble large parts of the world

Business - Financial Times - November 1

Have $35,000 in credit card debt? Here's what debt forgiveness could cover.

If you're facing $35,000 in credit card debt, debt forgiveness could have a big impact on your balance. Here's how.

3 reasons to consider debt relief this November

Not sure if your situation warrants the help of a debt relief servicer? Here are three timely reasons why it may.

How to have your credit card debt forgiven this November

Need to have your credit card debt forgiven? There are a few ways to pursue this type of debt relief now.

How long can delinquent credit card debt be collected?

The timeline for collecting late credit card debt may surprise you. Here's how long debt collectors can pursue it.

They're middle class and insured, yet childbirth left them with crippling debt

Some middle-class families with private insurance face a risk of medical debt after childbirth. The group has been left behind by recent health care reforms.

S&P downgrades Thames Water debt further into ‘junk’ territory

Decision comes after troubled UK utility reached tentative deal on £3bn of emergency financing

Business - Financial Times - October 29

Have $40,000 in credit card debt? Here's what debt forgiveness could cover.

The right debt forgiveness program could lead to hefty savings on a $40,000 debt. Here's how.

How to qualify for a debt consolidation program this November

There could be big benefits to enrolling in a debt consolidation program now, but you'll have to qualify first.

Former British colonies owe ‘debt of gratitude’, says Robert Jenrick

Tory leadership candidate wades into reparations debate, arguing empire brought democratic institutions. UK politics live – latest updates Britain’s former colonies should be thankful for the ...

World - The Guardian - October 29

The real monster this Halloween: Our national debt and a dysfunctional Congress

Congress is facing a potential government shutdown on Dec. 20 due to its reliance on continuing resolutions and bloated omnibus bills, and is being urged to address the monster of reckless spending.

Politics - The Hill - October 28

Economist on whether the national debt is cause for concern

The national debt has reached a staggering $35 trillion, yet some economists argue it's not a problem. Stephanie Kelton, author of "The Deficit Myth," joins "CBS Mornings Plus" to explain how ...

Bond market braced for rise in UK debt issuance to £300bn this year

Investment banks pencil in second-biggest annual gilt sales figure on record ahead of Labour’s first Budget

Business - Financial Times - October 28

Medical debt is hurting millions of credit reports — but now there’s a cure

Even responsible, prudent people can end up thousands of dollars in debt if they get sick or injured.

Business - MarketWatch - October 26

Have $50,000 in credit card debt? Here's what debt forgiveness could cover.

With a credit card balance that high, the right debt forgiveness program could help you save a substantial amount.

Biden unveils new student debt plan for people with financial hardships

President Joe Biden's plans to forgive student debt have hit legal roadblocks. Now a new plan would look to help people experiencing financial hardships.

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