A new report shows Americans have more than 1.2 trillion in credit card debt. One nonprofit says they have resources to help.

Credit card debt has skyrocketed in recent months, and if you're carrying a balance, it's time to fix the issue.

Sens. Bernie Sanders and Josh Hawley agree it's time to help Americans dig out from debt. They are working together to limit credit card interest rates, where people owe $1.17 trillion.

Hiranmayi Srinivasan is an Associate Editor for Investopedia. She has covered personal finance topics such as budgeting, saving, investing, and economic news at Investopedia since 2021, and has ...

Credit counseling and debt relief are both worth considering, but one may be better than the other. Here's why.