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 ...

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 ...

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 ...

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 ...