“In a debt management plan, you get the interest rates down to 6 or 7 percent so that most of the payment is going towards ...

In 2025, people throughout the U.S. saw rising prices for consumer goods and a reduction in income and employment. Those factors contributed to a substantial rise in credit card debt.

A debt management plan (DMP) helps overwhelmed borrowers pay back unsecured debts, like credit cards or personal loans. Read Next: 5 Subtly Genius Moves All Wealthy People Make With Their Money ...

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 ...

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 ...

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.

How to get out of debt when you’re broke? You’re in luck. There are free tools, such as budgeting apps or government portals, designed to help those who are overwhelmed. Check Out: 5 Subtly Genius ...

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 ...

There are several ways to deal with overwhelming debt, and the right one for you depends on the severity of the problem and the resources you have. If you’re exploring debt management vs. debt ...