Personal finance publishing executive is warning taxpayers against charging taxes owed to credit cards, encourages taxpayers to consider less expensive installment plan.

Losses from credit card divisions are growing, but banks can mitigate losses through more active negotiations with consumers to settle debts for less than balances owed.

The number of complaints against debt collectors calling consumers at work nearly doubled between 2007 and 2008, according to recent report from the Federal Trade Commission.

Consumers ultimately pay for non-profit as well as for-profit debt relief options.