If debt collectors are calling you daily but you can't afford to pay off what you owe, the idea of enrolling in a debt management program can be pretty tempting. After all, these programs claim to ...

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 ...

The math is brutal. At an average interest rate of 22%, all it takes is a revolving credit card balance of a few thousand dollars to find yourself in serious trouble, especially as the interest ...

Credit card debt is a growing issue nationwide, with the total amount of credit card debt now sitting at $1.23 trillion, according to the latest data. And, with the average borrower carrying thousands ...