American households are drowning in debt like never before. Total credit card balances have soared past $1.21 trillion nationally, while the average household carries over $6,000 in revolving debt.

If you’re researching bankruptcy or debt settlement (also called debt relief), you probably have overwhelming debt problems. Debt settlement and bankruptcy can both be effective solutions, but it’s ...

Compare bankruptcy and debt consolidation: benefits, drawbacks, legal implications, credit impact, and factors to consider in ...

When it comes to getting debt-free, the right strategy can make all the difference. There are a lot of potential tools and resources that could help you take control of your finances and find debt ...

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 ...

Debt Support National has introduced a wide range of debt relief programs aimed at helping people achieve financial stability. The company is committed to helping consumers manage their debts ...

The Hospital Financial Assistance Act is under consideration to keep bills from negatively affecting patients' credit in ...

You might be able to negotiate debt settlement with your lender, either by yourself or with the help of a credit counselor or debt settlement company. There are even AI tools that will negotiate for ...