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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 ...
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 ...
National Debt Relief. National Debt Relief sits at or near the top of most best-of roundups that cover the industry. It boasts an A+ rating with the Better Business Bureau (BBB) and holds 4.23 out ...
If you decide to pursue debt settlement over other alternatives, research your options to identify reputable debt settlement companies with a track record of success and positive client reviews.
Millennials’ credit card debt is increasing the most, at a rate of 15.4 percent in 2023. 44 percent of credit cardholders say they carry card balances from month to month.
The debt settlement company will tell you to stop paying your creditors to give it negotiation leverage. You can expect your score to take a massive hit when working with a settlement company.
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