If your goal is forgiveness before the end of 2025, acting sooner gives you more time to negotiate multiple accounts or counter the lender's initial offers. Just keep in mind that even settled debt ...

Lenders typically reserve forgiveness — also known as debt settlement — for borrowers who are clearly struggling and unlikely to repay the full amount otherwise. Here's a breakdown of who generally ...

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 ...

When Whitney Catalano filed for Chapter 7 bankruptcy in 2022, she was self-employed, living in an apartment she couldn’t ...

Explore your debt relief options and find the right path out of debt now.

Debt is as American as apple pie: The average household has $127,977 in debt. For households that carry credit card debt, it costs them about $1,300 a year in interest. It's time to take action. Many ...