Debt forgiveness can be a smart strategy to use, but for some borrowers, it creates more problems than it solves.

Right now, credit card balances are at record highs, and the interest rates these short-term borrowing tools come with aren't far off. Americans owe roughly $1.23 trillion in credit card debt, a ...

WASHINGTON -- President Joe Biden announced his decision on Wednesday to cancel some federal student loan debt, but even a broad forgiveness plan may leave out some of the 43 million borrowers. The ...

During the first year of the Trump administration, the student loan delinquency rate rose nearly 25%, according to the Century Foundation.  Currently almost 9 million borrowers are in default, meaning ...

Reaching out for help with debt is a brave and proactive step, and it's one that speaks volumes about your determination to turn things around. Whether you're feeling the pinch on a tight budget or ...

President Joe Biden touted a new pathway for debt relief that kicked into gear Wednesday for 153,000 student loan borrowers, calling it a ticket to "chase dreams" in a speech in Culver City, ...

A teacher in Wisconsin recently got a call with an intriguing offer: a promise to have 80 percent of her federal student loans forgiven — for a fee. The teacher, Lauren, owes about $60,000 in debt ...

Consumer adviser Clark Howard warns that promises of student loan debt forgiveness are likely scams. Millions of Americans overwhelmed by student loan debt are targeted by scammers pretending to offer ...