Weighing each debt relief strategy's benefits and drawbacks could help you find the right fit for your situation.

Debt management programs could save you thousands, but the actual savings depend on your debt and repayment habits.

The good news? There’s no shortage of options in 2025. But not every path is right for everyone. What you need is a debt relief program that fits your situation, not just some cookie-cutter fix.

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 ...

You could also find relief if your creditors agree to enroll you in a debt forgiveness program. Debt management and debt settlement programs are other alternatives if you’re unable to resolve ...

Through a debt management program (DMP), you work with a credit counselor on a roadmap to help you get out of debt sooner.

Options for debt relief include debt settlement, debt management, Chapter 7 bankruptcy, and Chapter 13 bankruptcy. Debt relief strategies are usually hard on your credit score, but you can recover ...

Find the right debt relief option, and take steps to get out from under your debt. It could be a lot easier to build and maintain great credit once you're in a more stable financial position.

Podcaster Show PlayerDebt relief could take anywhere from a few months to a few years, depending on your method and resources. Options for debt relief include debt settlement, debt management ...

Find the right debt relief option, and take steps to get out from under your debt. It could be a lot easier to build and maintain great credit once you're in a more stable financial position.