Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...

Credit card interest rates remain high right now, driven up, in part, by the Federal Reserve's rate hikes that occurred in 2022 and 2023. While the increases were aimed at combating inflation, they ...

Right now, credit card balances are at record highs, and the interest rates these short-term borrowing tools come with aren't far off. Americans owe roughly $1.23 trillion in credit card debt, a ...

The idea that borrowers may be able to have some of their credit card debt forgiven is naturally appealing. But in the economic climate of recent years, this possibility has become particularly ...

Credit card debt forgiveness is when your creditor agrees to accept less than the full amount you owe. Credit card companies and debt collectors may forgive some of your debt if you have a significant ...