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.

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 ...

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 ...

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 ...

How to get out of debt when you’re broke? You’re in luck. There are free tools, such as budgeting apps or government portals, designed to help those who are overwhelmed. Check Out: 5 Subtly Genius ...

Debt repayment apps can reduce stress and help users understand their finances to make better decisions. Most debt payoff apps are free or have a low-cost version. Be sure to select a debt payoff app ...

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 ...

They all share the goal of finding a way to discharge your debt, whether that’s by repaying it or agreeing with your creditors to pay a reduced amount. Discharging your debt means getting rid of that ...