Got credit card debt? You aren’t alone. In the second quarter of 2025, total credit card debt in the U.S. reached a record high of approximately $1.21 trillion, up 5.9% from the previous year. If ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. That's where debt relief programs can be key. These services, which are ...

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 ...

The average all-in savings is about 18% after fees are counted, according to Money’s calculations.

Debt relief isn’t a quick fix for money problems. The process, also called debt settlement or debt resolution, involves paying a company to negotiate with your creditors in hopes of getting them to ...

Wondering if tax relief companies are legitimate? Learn how tax resolution services work, common scam warning signs and how to protect yourself.

Are debt relief programs legit? Yes. Debt relief, aka debt settlement or debt resolution, is a legitimate industry that can be helpful to people experiencing certain financial difficulties. However, ...

Americans continue to struggle under the weight of crushing debt. Consumers owed an average of $104,755 as of mid-2025 — down slightly from $105,580 a year earlier — according to credit bureau ...

There is not a single federal debt forgiveness program for older adults. However, options such as debt management plans, credit counseling, and debt consolidation loans are available. Debt forgiveness ...

Recently, the Federal Trade Commission filed a complaint against seven companies and three individuals operating the "Accelerated Debt" program that falsely claimed to reduce consumers' debt by as ...

Could your debt be reduced or forgiven? Take our financial relief quiz. Find my match Could your debt be reduced or forgiven? Take our financial relief quiz. Americans' household debt is at an ...