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

Freedom Debt Relief reports a bare-bones budget focuses on essential expenses, helping you cut non-essentials and allocate ...

To help them break an often overwhelming cycle of debt, many Americans seek relief through bankruptcy or debt consolidation — two debt-free strategies with very different implications. The MarketWatch ...

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

While inflation has cooled significantly compared to recent highs, many Americans are still burdened by high consumer goods costs caused by years of high inflation, especially at gas stations and ...

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 ...

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 ...

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. When credit card bills pile up and ...

WASHINGTON — Managing debt can be complicated. We sat down with a financial expert to look at the pros and cons of debt consolidation. Debt consolidation is a financial strategy that involves rolling ...

Debt consolidation loans are a type of personal loan you can get from a bank, credit union or online lender. You can use these loans to combine multiple unsecured debts into one fixed monthly payment, ...