THOUSANDS of people struggling with debt will now be able to get it written off without having to resort to more costly solutions. A change to rules will give more people the option to tackle debts ...

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 ...

An excessive credit card debt can be discouraging, but you can pay it off once and for all using this plan. The content of this article is provided for information purposes only and is not intended to ...

Americans are defaulting on their credit cards at the highest level since in the wake of the 2008 financial crisis. After building up cash reserves during the Covid-19 pandemic, high inflation has now ...

There has been a further rise in the amount of credit card lending being written off by UK banks and other financial institutions. Figures from the Bank of England show that write-offs rose to £1.25bn ...

Consumers' enthusiasm for credit cards is showing signs of waning but for many people this new-found prudence is likely to have come too late. Borrowing through credit cards has fallen by 3% during ...

Simply sign up to the US economy myFT Digest -- delivered directly to your inbox. Defaults on US credit card loans have hit the highest level since the wake of the 2008 financial crisis, in a sign ...