Millions of American struggle under a mountain of credit card debt. If you're having trouble paying your credit card bills or worried about high credit card balances, don't hide your head in the sand. Instead, learn what you can do to better manage that debt. Sometimes, with strict budgeting and strategically closing some credit card accounts, you can start chipping away it. Other times, you can negotiate a settlement of credit card debt with the bank or credit card issuer. If you're really in over your head, bankruptcy might be your best option.
Below you'll find articles and Q&As to help you figure out the best way to handle your credit card debt.
Negotiating on Credit Card Debt
You can often negotiate better interest rates, payment dates, and even long-term payment plans and settlements on your credit card debt.
If you have high credit card debt, you might be able to settle the debt for less than the full amount. But beware of the downsides to credit card debt settlement.
Should I Consolidate Credit Card Debt?
Here are the things to consider if you want to consolidate your credit card debt.
What Is a Credit Card Debt Write-Off?
When a credit card company writes off or charges off your debt, you are still liable for the debt.
Will the Creditor Forgive My Credit Card Debt?
Credit card companies rarely forgive your entire debt, but you might be able to settle the debt for less and get a portion forgiven.
Why Was My Credit Card Rejected or Blocked?
Here are some reasons why a store or restaurant might reject or block your credit card.
Choosing a Credit Card: What You Need to Know
Before you sign up for a new card, make sure you understand the card's important credit terms. That way, you can recognize (and avoid) traps when choosing and using the card.
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Defenses to Credit Card Debt Lawsuits
Here are some common defenses you can raise if you are sued for credit card debt.
Learn what a credit card judgment is and how a credit card company can get one.
Learn when you might get sued for delinquent credit card debt, steps in the lawsuit, and how to defend against it.
Can Credit Card Companies Garnish My Wages?
A credit card companies can garnish your wages if it gets a judgment against you. Learn how to avoid this.
How Credit Card Debt Collection Works
Learn the players and steps involved in the collection of credit card debt.
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Learn what happens to credit card debt when a person dies.
Am I Liable for My Spouse's Credit Card Debt?
Find out when you are liable for your wife's or husband's credit card debt.
Closing Credit Card Accounts to Manage Debt
Sometimes closing credit card accounts helps you get out of debt. Learn which accounts to close.