We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. That's where debt relief programs can be key. These services, which are ...

The math is brutal. At an average interest rate of 22%, all it takes is a revolving credit card balance of a few thousand dollars to find yourself in serious trouble, especially as the interest ...

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 ...

If you've ever been in a situation where you have tax debt with the Internal Revenue Service, you know how stressful it can be. The letters from the IRS keep coming, the penalties and interest ...

Debt relief isn’t a quick fix for money problems. The process, also called debt settlement or debt resolution, involves paying a company to negotiate with your creditors in hopes of getting them to ...

This article was paid for by Freedom Debt Relief. A debt settlement company can help you find relief from overwhelming debt payments, debt collectors and mounting fees. But not all of these companies ...

Learn how Business debt consolidation loans can help your debt.

*Rates and APRs are subject to change. All information provided here is accurate as of May 29, 2025. Credit card rates have been climbing in recent years, making it more expensive to service ...

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 ...

While carrying high amounts of debt is rarely ideal, this issue isn't always the result of reckless spending. For many Americans, it's caused by the fallout of rising living costs, medical emergencies ...

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 ...