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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 ...
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.
Sources: Experian 2023 Consumer Credit Review, Bankrate 2024 Credit Card Debt Report. ... There is also no guarantee the credit card company will accept your debt settlement proposal, which means ...
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.
Contact your state attorney general’s office and local consumer protection agency to identify reputable and reliable debt settlement companies. Many debt settlement services operate on a for ...
National Debt Relief It boasts an A+ rating with the Better Business Bureau (BBB) and holds 4.23 out of 5 stars after more than 1,000 BBB reviews. It also earns top billing from organizations like ...
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