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In 2024, credit card debt accounted for 6.36% of all United States household debt, up from 5.8% in 2020. Credit card balances surged during the pandemic and, by the end of 2022, Alaska led the ...
Founded in 1999, New Era is another company with a long history in the industry — and it’s settled more than $250 million in debt. It holds an A+ rating with the BBB and has a rating of 4.86 ...
Generation X holds the highest average credit card debt with an average of $9,123. ... work out a lower payment plan, or even write off a portion of the debt. ... There is also no guarantee the ...
Fees charged: Most debt relief companies will charge a fee between 15 percent and 25 percent of the total debt enrolled for settlement. Companies may also charge fees for opening and managing the ...
If you have over $7,500 worth of unsecured debt and your credit is in bad shape, then seeking a program through a good debt relief company may be your best option. With a debt relief company, you ...
Plus, creditors are under no legal obligation to work with settlement companies. If the debt settlement fails, you will be left with the same debt and a worse credit score. When to consider debt ...
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