This nonprofit credit counseling agency helps consumers manage unsecured debt through structured repayment plans and financial education. For many people, debt isn’t the result of reckless spending — ...

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.

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 ...

“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 ...

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.

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 management is a systematic way to pay off your debts, either on your own or with the help of a professional debt management company. Debt management companies are skilled at negotiating on your ...

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 ...