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

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

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 ...

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 ...

A debt avalanche is an accelerated debt repayment plan that's based on paying the loan with the highest interest rate first before moving on to the next-highest.

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 ...

Figuring out how to pay off credit card debt isn’t a new problem, but one option for help is becoming increasingly popular: hiring a debt relief company. These companies — also known as debt ...

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

Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance.

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