Consumer Credit, Debt | featured news

Also: What to do when credit limits suddenly drop, and whether IRAs offer protection from legal claims.

Dear Liz: My question is whether I should file for bankruptcy or try to settle my debts.

Soaring unemployment and a shrinking economy drove delinquencies on credit card debt to an all-time high in the first quarter.

Debt settlement companies claim they help both creditor and consumer by bridging the abyss between them, but the firms often manage to please no one.