Settling your debt can help you resolve what you owe — but it's not a pain-free option. You could owe taxes on what you settle. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain ...

(NewsNation) — Many Americans went into debt during the holiday shopping season, something they will have to pay off for months, and in some cases, years. When debt becomes too much or takes too long to pay off, there are different routes to take.

The term "debt relief" or "debt resolution" generally refers to several ways you might restructure debt to make it more affordable. Debt relief options include debt consolidation, debt management, debt settlement (also called debt resolution or debt ...

I'm a freelance financial journalist and a regular contributor to U.S. News and CreditCards.com. I've written for Life + Money by Citi, Bankrate and The Balance, among others. You can find me on LinkedIn or follow me on Twitter @seemomwrite. Daphne Foreman ...

Today's high prices probably aren't going away — and neither is the debt that many people have accrued because of them. Even as inflation cools compared to last year, the cost of essentials like housing, groceries and insurance remains stubbornly high.

Debt settlement and bankruptcy are drastic solutions for serious financial problems. Most consumers who qualify for Chapter 7 are better off choosing bankruptcy. Debt settlement can be a better option than Chapter 13. If you're researching bankruptcy or ...

Unpaid medical bills can linger, but you have options that can help ease, reduce or even eliminate what you owe.

CHICAGO (WLS) -- A nationwide settlement affects thousands of students in Illinois. Some of their loan debt will be forgiven from two for-profit schools, owned by the same company. Now another for-profit school is no longer accepting new students.