In today's high-rate environment, debt settlement programs, also known as debt forgiveness, have become increasingly popular. These programs, which are typically structured over two to four years, ...

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...

While carrying high amounts of debt is rarely ideal, this issue isn't always the result of reckless spending. For many Americans, it's caused by the fallout of rising living costs, medical emergencies ...

If debt collectors are calling you daily but you can't afford to pay off what you owe, the idea of enrolling in a debt management program can be pretty tempting. After all, these programs claim to ...

A Financial Expert's Three Steps to Becoming Debt-Free (Even in This Economy) If debt has you spiraling, now is the time to take a few common-sense steps to help knock it down and get it under control ...