Credit card debt has reached staggering heights nationwide, with the total rising over $1.21 trillion in mid-2025. The average American household now carries more than $7,000 in credit card debt, and ...

Debt settlement is one solution for unaffordable debt, and there are lawyers and companies that settle debt for their clients. However, professional debt settlement can be expensive, depending on whom ...

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 ...

Credit card companies may settle debts for less than the full balance, but the percentage varies widely. Here's why.

Could your debt be reduced or forgiven? Take our financial relief quiz. Find my match Could your debt be reduced or forgiven? Take our financial relief quiz. You can get rid of credit card debt ...

"Debt relief" is a broad term, and it can refer to everything from negotiating with your creditors on lower rates and fees to ...

As consumer debt surpasses $18 trillion in early 2025, the need for effective and ethical consumer debt reduction solutions has never been more urgent. Both nonprofit and for-profit models offer ...

Americans are feeling a credit crunch: U.S. consumers held a record $1.21 trillion in credit card debt in the second quarter of 2025, according to the New York Fed. Nearly half of cardholders carry a ...

LendingTree’s study involved analyzing around 400,000 credit reports of users in July through September for 2024 and 2025, ...