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To decide which debt relief option is best, evaluate how each will impact your credit score and long-term financial health. Credit counseling can help you choose.
Unfortunately, people can get over their heads when amassing a lot of debt. The New York Federal Reserve’s Q1 2024 numbers reported that total household debt was $17.69 trillion.
WASHINGTON, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Today, dozens of older student debtors over the age of 50 — including the Debt Collective’s ‘50 Over 50’ caucus — took action at the White House to demand the Biden-Harris administration discharge the balances of older debtors—executive power authorized by various tools at the disposal of the Department of Education.
Key takeaways. Debt relief is a method of restructuring debt to make it easier for you to pay it back. You can get debt relief from lenders, debt relief companies and credit counseling agencies.
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 ...
The Biden administration announced Thursday it will automatically erase student loan debt for more than 300,000 Americans with severe disabilities that leave them unable to earn significant incomes.
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