When you fall behind on your credit card payments, the consequences can snowball a lot faster than you may expect. For example, what might start as a missed payment due date or two can quickly lead to ...

Once a credit card is charged off, you might wonder if you can ever get it back. Here's what really happens next.

A charge-off is a debt that has gone unpaid for a sufficient amount of time and is deemed uncollectible by the creditor. Charge-offs do not erase your debt, and you are still responsible for paying it ...

Natalie Campisi is a senior journalist who covers personal finance, balancing timely news with in-depth enterprise reporting. Her mission is to make complex financial issues clear and accessible for ...

December's credit card data were mixed, featuring a reduction in late payments alongside an increase in banks writing off debt as unrecoverable losses. The average delinquency rate of 2.90% slipped ...

One of the primary reasons credit cards exist is to facilitate purchases that you don’t want to pay for with cash or a debit card. This can include, but is not limited to, furniture, shopping trips to ...

Credit cards' delinquency and net charge-off rates, on average, both declined in May, jibing with the seasonal trend of May being one of the best months for credit performance. "All issuers are ...

Lana Linge has $42,000 in credit-card debt, but it's not the giant tab that has her most frustrated. "I know for a lot of people, they're in debt because of these freak things that are outside of ...

In a recent SEC filing, Citigroup Inc.’s C subsidiary, Citibank N.A., disclosed a rise in its credit card trust delinquency and net charge-off rates for November 2024 compared with October 2024.