charge-offs

Over the past several months, several encouraging reports of the decrease in evolving consumer debt have been published. Revolving debt, which consists primarily of outstanding credit card balances, fell by roughly $12 billion in the second quarter of 2010 from the quarter prior, according to the...

Ken and Daria Dolan, America's first family of personal finance, answer your questions every Friday. Thanks to rising unemployment and an economy stuck in neutral at very best, more consumers than ever are struggling to pay their debts. Credit card delinquencies and charge-offs are both at record...