There are multiple debt relief strategies worth exploring now. Here's what experts recommend borrowers do next.

So, if you owe $20,000 across several credit cards, a settlement might reduce that to between $10,000 and $14,000 before fees. For someone facing serious credit card debt issues, this type of debt ...

There are times when it makes sense to deny a debt settlement offer, but there could be repercussions for doing so.

But when it comes to credit card debt, the traditional advice of "just pay the balance off" can feel hollow, especially if you're dealing with a balance of $10,000 or more.

Freedom Debt Relief is a highly rated credit card debt relief company with accreditations from both IAPDA and AADR. Schedule a free consultation to see if its plans are right for you. Subscribe to ...

Options for debt relief include debt settlement, debt management, Chapter 7 bankruptcy, and Chapter 13 bankruptcy. Debt relief strategies are usually hard on your credit score, but you can recover ...

If you're researching bankruptcy or debt settlement ... The Smiths owe $40,000 in credit card debt and medical bills. ... Debt Relief vs. Bankruptcy: Look Before You Leap originally appeared on ...

PHOENIX (AZFamily) — Americans are in a lot of debt. For credit cards alone, we owe more than $1 trillion, and as consumers face big balances, there’s another financial threat lurking nearby.

CFPB research has indicated that medical debt on credit reports is “a poor predictor” of whether a person will repay a loan, ...

Americans suffer high amounts of consumer debt, primarily revolving credit card debt. In February 2025, the average credit card debt per American was $6,455, up $194 from a year ago.

Credit card debt in America has reached record levels, causing stress and, for many people, a sense of shame. The average credit card debt is more than $7,300, with an average interest rate of 21.4%.

Debt settlement and bankruptcy can solve serious problems. ... Debt Relief vs. Bankruptcy: Look Before You Leap. ... The Smiths owe $40,000 in credit card debt and medical bills.