Credit card debt has a way of sneaking up on people, especially in today's high-rate environment. One month your card balance is a few hundred dollars, which is manageable enough for the average ...

For those feeling overwhelmed by their credit card debt obligations, the prospect of filing for bankruptcy can seem like a lifeline worth grabbing. But while bankruptcy may offer a way out for ...

Debt consolidation is usually better than bankruptcy for maintaining credit, especially if you have a steady income and can ...

If you’re below those numbers, you might want to work on improving your credit before applying for a new card. You should also make sure that you have any bankruptcies fully discharged, as that will ...

You can rebuild credit after bankruptcy with products like secured credit cards, credit builder loans, and rent reporting. Expect it to take at least three to four years to see significant credit ...

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held ...

Dear Jen – don’t listen to your parents (I know they mean well). YES, you should declare bankruptcy. Carrying debt for over ...

Our opinions are our own. You can get a credit card with bad credit, but it won't be one of those cards you see advertised with rich rewards or exclusive perks. It will probably be fairly basic.

Cards for bad credit carry much higher representative ... you’ve had more than one CCJ or a single bankruptcy, compared to many other card issuers that only issue these restrictions over the ...

If you owe child support, bankruptcy won't change that. But many debts, like credit card debts and hospital bills, will be discharged for good. Cons of a Chapter 7 or Chapter 13 bankruptcy.

A dedicated business credit card provides improved tracking of expenses ... such as late payments, charge-offs or bankruptcies, affect the business’s ability to secure credit.

While bankruptcy devastates your credit score ... Some examples are transferring the balance of one credit card to another using a balance transfer credit card, paying off one student loan ...