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 ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. While debt management plans are often confused with other types of debt ...

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Could your debt be reduced or forgiven? Take our financial relief quiz. When you’re dealing with a mountain of debt, it can be hard to envision digging your way out of it. Considering that Americans’ ...

Getting out of debt can be a difficult process. While debt consolidation can help those wanting to pay off credit card debt or other types of debt, sometimes you need professional help. Two popular ...

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. When you take out a loan or make payments ...

If you have out-of-control debt, you probably have made an attempt or two to pay it down. But a debt management plan (or DMP) is a much more organized plan of attack. You usually enroll in a DMP ...

Most adults in the United States (81%) have at least one credit card, and Americans' total credit card balances broke a new record—more than $1.3 trillion—in July 2025. Credit card debt can be a ...

Debt management restructures your debt so you can pay it off. Debt settlement involves some amount of debt forgiveness. If you don't qualify for debt management, debt settlement might work for you.