"Federal Trade Commission rules include an advance-fee ban," says Pack. "This rule prohibits a debt relief company from ...

Americans have been using their credit cards more than ever this summer. Revolving credit went up by 9.7% in July compared ...

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 ...

Debt relief isn’t a quick fix for money problems. The process, also called debt settlement or debt resolution, involves paying a company to negotiate with your creditors in hopes of getting them to ...

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 ...

If you're struggling with student loans, you're not alone. More borrowers are missing payments, and confusion about overdue dates isn't helping.

Consumer Reports recommends contacting your loan servicer to discuss repayment options. Borrowers should find out which plan best matches their current financial situation. For those already in ...

If you’re struggling with student loans, you’re not alone. More borrowers are missing payments, and confusion about overdue ...

The Federal Trade Commission is continuing to police operations that bill themselves as offering consumer debt relief. According to a news release, a federal court at the FTC’s request has temporarily ...