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According to late 2023 data from the Federal Reserve Bank of St. Louis, more Americans are struggling financially than ever. Credit card debt is particularly severe, having reached levels not seen...
Millions of Americans are buried in high-interest debt. This is the most dangerous type of debt. Largely associated with credit cards -- which sport interest rates averaging 21.51% as of the second...
Here’s the good news about bad debt: You can reduce it. When you have a clear view of your outstanding accounts and amounts, you can use the following tips to get out of debt. 1.
Credit card debt can be especially difficult in retirement because of its high interest rates. Balance transfer cards and personal loans are two popular ways to pay off this type of debt.
According to the Federal Reserve Bank of New York, total household debt reached $17.5 trillion in Q4 2023. Credit card balances stood at $1.13 trillion. Credit card balances stood at $1.13 trillion.
Debt settlement (also called debt reduction, debt negotiation or debt resolution) is a settlement negotiated with a debtor's unsecured creditor. Commonly, creditors agree to forgive a large part of the debt: perhaps around half, though results can vary widely.
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