Pay-for-delete promises to erase collection debt from your credit report, but the results of this strategy can vary.

Paying off collections improves your finances, but what happens to the negative mark on your credit report?

The first step, consumer finance experts say, is to ask your card issuer to reduce the rate. And with average balances now $6,500, consider using your tax refund to put a dent in the debt.

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

Could your debt be reduced or forgiven? Take our financial relief quiz. Find my match Could your debt be reduced or forgiven? Take our financial relief quiz. When credit card bills pile up and ...

For many people carrying high-interest debt, debt consolidation is often the first strategy they consider. This may involve a ...