The poor economy and consumers' growing aversion to carrying large credit card balances may be why more alternative forms of payment are being used for online purchases.

Forgiven debt resurfaces at tax time

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The IRS is one creditor you cannot ignore. If you receive a 1099-C in the mail for forgiven debt, you have to declare it as income.
Americans increased their overall consumer debt in January for the first time in a year, even as continuing to trim their credit card balances.
Will your card become unreadable if it's exposed to magnets? In a previous story, we said yes, but many of you begged to differ. Seeing that, we took the challenge of clearing things up once and for all. The results surprised us.
This transcript chronicles the conversation between administration officials and CreditCards.com readers on Feb. 22, 2010, the day a federal credit card reform law took effect.
This transcript chronicles the conversation between administration officials and CreditCards.com readers on Feb. 22, 2010, the day a federal credit card reform law took effect.
It used to be a no-brainer -- credit cardholders refused those costly additional insurance policies offered by car rental agencies. Now it's not: The rental agencies charge new fees and the card issuers' policies aren't uniform or universal.

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