Everyone has heard the ads for companies that promise to reduce credit card debt.

Timothy McCollough freely admits that he stopped making payments on his Chase Manhattan credit card in 1999.

Two Renton men were sentenced to prison for their roles in a scheme the government said included tax fraud, wire fraud and money laundering.

Credit counselors can help--but only if you sweat the details of their plans. If you're like millions of other consumers, you probably like to shop for gadgets at Best Buy , clothing at Kohl's or housewares at Target .

The general purpose of the Obama credit card reform act was to prevent credit card companies from raising interest rates as well as having them provide more disclosures.