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 ...

An example of good debt is a student loan used to pay for education that increases your earning potential or a mortgage for a home that builds equity over time. A car loan can be considered bad debt ...

As consumer debt surpasses $18 trillion in early 2025, the need for effective and ethical consumer debt reduction solutions has never been more urgent. Both nonprofit and for-profit models offer ...