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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 ...
Settling your credit card debt involves negotiations with credit card companies, either on your own or with the help of an attorney, debt counselor or debt settlement company. Before starting the ...
You can negotiate with your credit card company or find a reputable nonprofit credit counseling agency to guide you or negotiate on your behalf. Some for-profit companies also offer debt ...
A good debt settlement company will handle calls from the credit card companies, nor the collection agencies. Calls will slow down as the settlement company makes contact with the creditors. Good settlement companies will arrange monthly update calls, establish a plan where the debtor can miss a payment or two, or finish the plan six months ...
Debt settlement isn’t the best option for everyone, so make sure you consider alternatives like using a balance transfer card or creating a debt management plan with a credit counselor before ...
Beware of companies that tout government-sponsored credit card debt forgiveness programs. There aren’t any government-backed credit card relief programs, so any claims otherwise are likely scams.
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