With nearly half of Americans carrying credit card balances month-to-month, CBS News business analyst Jill Schlesinger ...

One major disadvantage of debt settlement is that the government may tax forgiven or canceled debt as income. This could eat ...

The combination of reduced expenses and increased income creates powerful momentum toward debt elimination. While actively paying down debt, avoiding new obligations becomes crucial. This means ...

When possible, experts generally suggest avoiding using your investments to pay down debt. However, there is one caveat to that rule: when you have high-interest debt. Below, Select looks into the ...

I am 37 years old, married with three children. I have a credit card debt of $21,000 with a 24% interest rate. I also have a ...

Many Americans are ending the year with holly jolly high-interest debt. Of those who took on holiday debt, 65% put purchases ...

If possible, automate a monthly withdrawal from your checking account to a high-yield savings account that’s “out of sight, ...

Is it better to invest your money or use it to pay down your mortgage or other debt? It depends. Let’s look at different situations. Your net worth is calculated by taking your assets and ...

If you don’t pay down your existing balances in proportion to the reduced credit, your credit utilization will rise, which may negatively impact your credit score. How can you get a debt ...

Robert Machray, a veteran actor known for roles in Cheers as well as numerous other sitcoms and Broadway shows, died at his ...

The waste management giant can use cash proceeds from the sale to Apollo and BC Partners to pay down its existing debt, but ...