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Credit Card Debt News

Know your rights when a collector calls on an old debt

What would you do if you received a court summons indicating that you were being sued for thousands of dollars in debt on a credit card you had no recollection ever applying for or using?

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UK families ‘still £7,900 in debt’

UK families are typically £7,900 in debt from personal loans, overdrafts and credit cards, despite three years of paying them down, a report has found.

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4 Common Credit Card Misconceptions

Many Americans think these credit card "rules" are true. Read on to find out the facts.

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Debt Adviser: Should he sell truck to pay off credit card debt?

Dear Debt Adviser: I have two credit cards each at 13.99 percent, totaling $9,100 of debt. I also own my truck outright. It is valued at $11,000. I make $400 in total payments to my credit cards per month. My idea is to sell my truck, pay off the credit cards and buy a used vehicle for around $15,000. This would be lower than what I currently pay to my credit cards. I understand this will ...

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What happens when you're sued for a credit card debt

If a court summons over an unpaid debt arrives, the worst thing you can do is ignore it because if you don't show up, they'll win by default

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