With a background in journalism and counseling, Penny Min blends analytical research with real-world insight to help readers make informed financial decisions. At Forbes Marketplace, she specializes ...
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 ...
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What Is a Debt Management Plan?
A debt management plan (DMP) helps overwhelmed borrowers pay back unsecured debts, like credit cards or personal loans. Read Next: 5 Subtly Genius Moves All Wealthy People Make With Their Money ...
Most adults in the United States (81%) have at least one credit card, and Americans' total credit card balances broke a new record—more than $1.3 trillion—in July 2025. Credit card debt can be a ...
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 ...
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