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

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

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 ...

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

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

The best ways to use your tax refund include building an emergency fund, paying off high-interest debt, and saving for ...

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 ...

student loan write-down, foreclosure or other debt forgiveness. The IRS is very interested in canceled debt. Here's why. Money that you owe but don't pay is like cash in your wallet that you can ...

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 ...

There’s never a bad time to begin paying down high-interest credit card debt. But if gift-giving, nights out, travel, and other holiday activities pushed your budget past its usual limit — the ...