Credit Debt

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 ...

Managing Credit & Avoiding Debt

Better Business Bureau of Southern Arizona will show you where you can access your credit reports for free; discuss true cost of credit and what can make your credit score go south. We’ll review why that monthly credit card bill doesn’t seem to be shrinking even though you’re diligently paying the minimum. Presented in partnership with the Center for Lifelong Learning Thursday, March 29 | 10:00 ...

States with the most, and least, credit card debt

One of the driving factors for states whose residents owe the most in credit card debt is that they are wealthy states. Nine out of the 10 states with the most in credit card debt have among the highest median household incomes.

Debt questions answered by an expert

A consumer expert answers readers' questions about debts

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?

Will settling car loan debt kill credit score?

Dear Driving for Dollars,I've been having trouble making my payments on my car loan, and my bank has offered me a settlement plan. If I take that offer, will it damage my credit?-- Cynthia Dear Cynthia,Yes, ...

New Normal Is Selling Old Debt as Issuance Surges: Brazil Credit

Brazilian companies led by Itau Unibanco Holding SA and Petroleo Brasileiro SA are selling more of their existing bonds in a bid to access international credit markets faster amid a decline in borrowing costs.