Debt consolidation is a repayment strategy that involves combining multiple debt balances into a single loan or line of credit. The goal is to make the “new debt” more manageable by having one lender, ...

While debt consolidation programs can help organize your repayments into a simplified plan and help you save a bit of money, you could take a negative hit to your credit score. If you’re struggling to ...

If you’re struggling to repay your debt, it may be time to start looking into debt relief programs. Debt relief could be a lifeline, allowing you to regain control of your finances by helping you ...

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.

If you’re drowning in debt, you might consider credit counseling. Credit counselors can help you make a plan to tackle your debt and educate you on managing your money. The U.S. Department of Justice ...

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 ...

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 ...