Freedom Debt Relief reports stopping bill payments can lead to late fees, credit damage, collection efforts, and potential ...

If you're struggling with high amounts of debt and are unable to get the issue under control, the promises made by debt management companies — items like "reduce your payments," "consolidate your debt ...

How long does debt relief take? There are a variety of debt relief options that can bring debt struggles to an end. It’s understandable to want to know how long debt relief takes before you choose one ...

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.

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 ...

One way to help manage credit card balances that finance experts swear by is the 20% rule. “ [A rule that] recommends keeping ...

NASHVILLE, Tenn. (WTVF) — If credit card debt has you feeling stressed, you’re not alone. Yeah, credit cards can be a helpful tool, but it's easy to quickly fall behind and for some, it can be a ...

Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance.

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 ...