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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 ...
Begin by reaching out to your state attorney general’s office and local consumer protection agency to identify reputable and reliable debt settlement companies. Many debt settlement services ...
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 ...
Beware of companies that claim to offer government-sponsored credit card debt forgiveness programs. Any claim of such a program is likely a scam. Options for credit card debt relief
You can negotiate with the card issuer yourself or work with an attorney or a reputable debt settlement firm. ... Not all debt counselors or debt relief companies are legitimate. If they require a ...
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.
The National Foundation for Credit Counseling (NFCC), founded in 1951, is the largest and longest-serving nonprofit financial counseling organization in the United States.
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 ...
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