Does the debt actually just go away?

Getting out of credit card debt may not be a speedy process, but even chipping away at it will help you save money. Debt consolidation refers to taking out a single lower-interest loan to pay off ...

Revolving credit card debt continues to climb as nearly half of Americans say “it’s normal,” finds NerdWallet’s annual household debt survey and analysis. Many or all of the products on this page are ...

Maxing out a credit card once can ding your score and flexibility, but the damage is usually temporary if you act fast.

Freedom Debt Relief reports that negotiating credit card debt can lead to lower payments, waived fees, or partial forgiveness ...

Overall, American household debt — which, aside from credit card debt, includes mortgages, car loans and student loans — is ...

Aaron McDade is a breaking news reporter for Investopedia. He is an experienced journalist who has covered everything from the latest in business and tech news to sports and international news like ...

The U.S. consumer has an average credit card balance of $6,519, according to TransUnion’s October 2025 Credit Industry Snapshot Report. Meanwhile, credit card balances among all consumers rose by $24 ...

Credit card debt is the most common type of debt carried by older adults. High-interest debt means spending more of your budget on servicing the debt than building your future. Significant credit card ...