Americans are having a harder time paying their credit card bills. Recent data from the Fed shows that credit card delinquency rates have reached the highest level since 2012. When people can't pay ...

Credit cardholders look to their cards as convenient and ready sources of financing. Imagine the surprise (and inconvenience), then, to have a credit card closed without notice. If this has happens to ...

If you close a credit card with a balance, you’ll still be responsible for that debt. Card issuers will continue to send ...

Let's say you've got a credit card with a $15,000 limit that you haven't used in years. You're tempted to shut it down to simplify your wallet -- and hey, no harm done, right? Not so fast. As someone ...

Dear Liz: A reader mentioned recently their credit score dropped only four points after closing a credit card they had since 1981. Three years ago I closed a credit card that was over 30 years old and ...

Dear Liz: You recently advised a couple who have excellent credit, no outstanding loans and a low credit utilization rate that they could close their credit card with a company that keeps reducing ...

Clearly, we are a nation that loves credit. Many people collect credit cards like some collect Beanie Babies. The average household now carries about $9,000 in credit card debt. But here's something ...

A lot of people try to simplify their wallet by canceling a card they never use. The oldest one is often the first to go. But that move can backfire. Your oldest credit line plays a bigger role in ...

Credit card issuers are not required by law to provide advance notice before closing accounts. Accounts may be closed due to lack of usage, non-compliance with terms and conditions or changes in card ...