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. But here's the catch: Just because you're ready to settle doesn't mean ...

When you're behind on payments and struggling to get rid of your credit card debt, a settlement offer from the creditor can feel like a lifeline. In these situations, settling your debt can provide ...