Most adults in the United States (81%) have at least one credit card, and Americans' total credit card balances broke a new record—more than $1.3 trillion—in July 2025. Credit card debt can be a ...

Credit card debt is a growing issue nationwide and it is weighing heavily on many households as we move through the second quarter of 2025. For example, recent data shows the average cardholder is ...

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. Consolidating debt — without taking out a ...

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.

Debt settlement requires you to pay a lump sum to creditors for less than you owe and have the remaining balance forgiven. To choose the right debt settlement company, compare the cost, eligibility ...

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 settlement may help borrowers manage overwhelming debt by negotiating a reduction in the amount of debt owed. You can negotiate directly with creditors or hire a debt settlement company to work ...

Being in debt is like being in floodwater, with those swept along grabbing whatever floats. But crocodiles float. Firms that sell debt repair, debt negotiation and debt elimination can be the ...

The path to homeownership in America has never been easy. But for many millennials — the largest generation in the U.S. workforce — it’s not just a challenge. It’s an increasingly distant goal, and ...

The MarketWatch News Department was not involved in the creation of this content. FARMINGTON HILLS, Mich., Dec. 18, 2025 /PRNewswire/ -- As rising costs push many Americans to the breaking point, ...

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 ...