Confused about how to get out of debt? Here's how to decide if debt relief or credit counseling would work best.

American households are drowning in debt like never before. Total credit card balances have soared past $1.21 trillion ...

Accredited Debt Relief is a well-known debt settlement company that claims it can help shrink your debt and make it more manageable. Sounds great, right? Sure — but if we dig into the details, is it ...

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 ...

Americans suffer high amounts of consumer debt, primarily revolving credit card debt. In February 2025, the average credit card debt per American was $6,455, up $194 from a year ago. However, that ...

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 ...

"Federal Trade Commission rules include an advance-fee ban," says Pack. "This rule prohibits a debt relief company from ...

One card turns into three. A bill you didn’t expect. A missed payment. Suddenly, you’re checking your bank app daily just to stay above water. At some point, most ...

Standout benefits: The company boasts a 94% success rate with offer-in-compromise agreements and claims to have helped ...

Schemes allegedly took in millions in up-front fees but provided no assistance. — -- Federal and state authorities are cracking down on multiple purveyors of so-called “student loan debt relief,” ...