U.S. household debt reached a record $18.59 trillion in 2025, according to the New York Fed, with credit card debt alone ...

Debt management plans and credit card hardship programs can offer relief when credit card debt becomes hard to manage. For short-term setbacks, a hardship program is typically cheaper, but a DMP ...

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 ...

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 ...

With a background in journalism and counseling, Penny Min blends analytical research with real-world insight to help readers make informed financial decisions. At Forbes Marketplace, she specializes ...

Let’s look at debt management plans vs. debt relief programs to help you decide.

FARMINGTON HILLS, Mich., Dec. 18, 2025 /PRNewswire/ -- As rising costs push many Americans to the breaking point, GreenPath Financial Wellness—a trusted national nonprofit providing financial ...

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.

Searching for the best debt relief company can feel urgent when bills are piling up. Many companies promise lower balances and a faster path out of debt. Before you sign anything, it helps to ...

If you’re struggling to manage multiple monthly credit card payments, a credit card consolidation loan can simplify your ...

Americans are carrying more credit card debt than ever, and with average credit card interest rates now topping 21%, even relatively small balances can quickly become a big drain on your finances.