This week the Federal Trade Commission issued a report calling for major changes in the debt collection industry. Robert Andrews analyzes the debt industry.

The number of Americans with dismal FICO scores is going up. About 15 percent of Americans had a score of less than 600. But today, according to the Associated Press, it's more like 25 percent. Jeff Horwich reports.

Question: One of my two credit cards will begin charging an annual fee this year. I have had this card for ten years and always pay the entire…

Question: I owe over $10,000 on a single credit card, but I have a fixed interest rate of 3.99% for the life of the balance as long as don't make…

Question: My wife and I have two credit cards which we don't want anymore. We never use them and we pay 5.00 per month on one of them….

Question: I have about 10K in credit card debt that I stupidly accumulated in undergrad and after college before I was able to land a job. I have…

Question: I was recently able to lock my existing credit card debt in at 1.99% or less for the next 6 months, which is lower than the roughly 3.5%…

Question: I use my credit cards for the sole purpose of building credit. I do not have a long credit history, I make a small monthly purchase on…

Question: My 25 year old son, Jason, has always bought everything with cash and now finds himself unable to get a credit card even from his own…

Question: I understand that merchants are paying a 1 to 5 percent transaction fee every time I use my credit card. It would seem logical that I…