We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. While debt management plans are often confused with other types of debt ...

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 ...

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 ...

With a background in journalism and counseling, Penny Min blends analytical research with real-world insight to help readers make informed financial decisions. At Forbes Marketplace, she specializes ...

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.

Debt Support National has expanded its comprehensive debt relief programs to address the growing financial pressures facing American consumers struggling with mounting credit card balances and other ...

Americans now owe nearly $5 trillion in non-housing debt, according to the Federal Reserve Bank of New York, a sum that’s increased more than 60% over the past decade. As our debt has grown, so has ...

There is not a single federal debt forgiveness program for older adults. However, options such as debt management plans, credit counseling, and debt consolidation loans are available. Debt forgiveness ...

Many Americans—about half—carry credit card debt from month to month, and about 53 percent of them have been in debt for more than a year, according to a survey by Bankrate.com. Households with credit ...

Managing debt can feel overwhelming at any age, but even more so as you get older or enter retirement. If you're looking at your credit card statements or loan payments and wondering about the best ...

Credit counseling is a way to help those overwhelmed by debt or unable to manage their expenses. In credit counseling, you’ll work with a credit counselor to review your finances and find out what you ...