Americans are carrying more credit card debt than ever, and with average credit card interest rates now topping 21%, even relatively small balances can quickly become a big drain on your finances.

Financial challenges can strike anyone, regardless of income level, and that's especially true in the current high-rate landscape. After all, today's average credit card interest rates are hovering ...

As the credit card bills pile up and the variable interest rates on your cards climb higher, it's easy to become trapped in a cycle of debt that you can't easily overcome. And, when you add the ...

Debt Management vs. Debt Consolidation: Which is Better? Are you feeling overwhelmed by debt and looking for ways to regain control? Debt management and debt consolidation are two widely used ...

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 ...

After an initial evaluation, a counselor will advise you on the best course of action to tackle your debt, whether you need general personal finance advice, bankruptcy counseling or something else.

Could your debt be reduced or forgiven? Take our financial relief quiz. According to a review of in-house data by Experian in 2025, the average American holds over $105,000 in debt. From car loans to ...

Tracy Schultz is now debt-free and says help is available. A few years ago, Tracy Schultz was drowning in credit card debt. The Massachusetts resident said she was going through a breakup and covering ...

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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 ...