credit card debt

Money Troubles: Who's Hurting the Most in Today's Economy

The sluggish economy has made money tighter across the nation, but, no surprise, the pain isn't being shared equally. A recent survey from Bankrate asked Americans how they're feeling about their finances, and reveals which groups are struggling the most.

11 Easy and Great Ways to Save Money in 2013

With the prospect of higher taxes and federal budget cuts looming on Dec. 31, here are 11 easy ways you can save money and/or put a few extra dollars back in your pocket in 2013.

Year-End Debt Checkup: Make Sure Yours Is Healthy Debt

Not all debt is created equal. And even in today's low interest rate climate, too much of the wrong kind of debt can quickly snowball. So as you consider your overall financial picture, make sure you only take on healthy debt -- and even then, only if you can afford it.

The Surprising Generation that Has a Handle On Its Finances

We all know that we should save more and spend less, but we don't always follow that advice. When you break down our responses to the financial crisis by generation, however, some interesting patterns emerge -- and you probably wouldn't guess which generation is doing the worst at financial wellness.

You're Late: Credit Card Debt Rises - and So Does Delinquency

Americans cranked up their use of credit cards in the third quarter, racking up more debt than a year ago, while also being less diligent about making payments on time. But though delinquency is rising, it's still significantly below historic norms.

Shedding $120,000 in Credit Card Debt Saved Her Life

When Franny Bostick thinks back on where she and her husband Jim were six years ago, with more than $120,000 in debt on 13 credit cards, she shudders. They not only faced financial ruin, but she also was on her way to a potentially catastrophic health crisis. But they turned it around. Here's how.

Credit Card Debt Payoff: How She Shed $32,000 in 22 Months

In 2008, when the foreclosure crisis was raging, Simone Griffin spent her days counseling homeowners behind on their mortgage payments, and her nights worrying about the precarious state of her own finances: $32,000 in debt on two credit cards. Then came her "scared straight" moment.

This Couple Paid Off $92,000 in Credit Card Debt in 5 Years

It was 2005, and Jerry Bailey and his wife, Sue, had rung up approximately $92,000 in charges on their 17 credit cards. But when the minister from Jackson, Mich., realized how deep a hole they had dug for their family, the couple chose a hard path -- working to pay off every cent.

Where Does Your Spouse's Credit Card Debt Go When They Die?

When a husband or wife dies, it's not just the emotional issues that can be overwhelming; the financial issues can be, too. Here are three important financial actions no widow or widower should delay taking -- and the answer to the pressing question in the headline above.

For Richer, Not Poorer: 6 Reasons to Cut Your Wedding Cost in Half

Financial advisor Nicole Seghetti has counseled many young couples, and never once has she heard newlyweds say they wish they'd spent more on their wedding. Mostly, they wished they'd spent far less. Here are the six most common things they'd rather have saved that cash for, and how much further it would have gotten them.

Do You Have More Debt Than the Average American?

A new study shows that individual debt is falling at the fastest rate in nearly 50 years. But not everyone is contributing positively to that statistic, and many Americans are still struggling with overwhelming debt.

How I Went Bankrupt at 23

For as long as Amanda Chatel could remember, her dad had warned her about the dangers of credit cards. Then she got to college and began ignoring those warnings -- repeatedly.

How I Paid Off $27,000 in Credit Card Debt in Two Years

Getting your finances under control on a tight budget is hard, But as Dana Burgess shows, it can be done. Here's how she racked up $63,000 in credit card debt, how she's digging her way out, and how she learned to enjoy living on less.

Debt Confessions of a Former Priest

When he left the priesthood in 2001, he was deep in credit card debt. He dug himself out eventually, but looking back he marvels at how easy it was to get into such a desperate situation.

10 Smart Uses for Your Tax Refund

By Kimberly Lankford, Kiplinger If you have a refund check coming your way, consider using it to bolster your personal balance sheet. The average...

What Blue States Can Teach Red States About Credit

It's not just politics that defines the differences between Republican-leaning "red states" and Democrat-leaning "blue states" -- and some of those differences may surprise you. For example, when it comes to credit scores, blue states are where the smart money is.

7 Small Mistakes That Will Hurt Your Credit Score

Most people understand that a bankruptcy or foreclosure will tank their credit score, but there are plenty of small mistakes you can make that will turn a good score into a mediocre one. Here are seven of the more common errors, plus tips on how to avoid them.