Does the debt actually just go away?

Losing a job with $30,000 in credit card balances and a $10,000 write off on the table is the kind of offer that feels like a lifeline and a trap at the same time. In an economy where layoffs are ...

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 ...

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 ...