Considering DIY credit card debt relief? There are a few factors to weigh before you start calling your creditors.

Student-loan borrowers have struggled to keep pace with the changes that the past few years have brought. - Justin Sullivan/.

Credit card debt in the United States reached a new nominal record in May, with balances totaling $1.31 trillion. However, when adjusted for inflation, the current total remains below the all-time ...

Types of debt relief Here are the most popular debt relief strategies: Debt settlement: A creditor might allow you to only repay 50% to 80% of your loan balance with a one-time lump sum payoff ...

President Biden signed off on yet another student debt forgiveness package Friday, giving $4.28 billion to nearly 55,000 public service workers. Getty Images ...

Fees vary by debt relief company, but they usually range between 15% and 25% of the debt you include (or “enroll”) in a debt relief program. According to the AADR, the average fee is 16.8% of ...

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 ...

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 ...

January 9, 2025 / 4:07 PM EST / CBS News The IRS may forgive some or all of your tax debt — but only in certain cases. Getty Images/iStockphoto ...