Debt settlement vs. debt consolidation vs. debt management plans: Which is right for you

Debt is common, with people increasingly using credit cards or loans to cover various types of expenses. Although credit can be convenient and helpful in many cases, it can easily get out of hand. According to the Urban Institute, the median amount of debt in collections — meaning the debt has been sold to a collections agency and may be incurring costly fees —  is $1,739 per…