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8 Ways to Consolidate Credit Card Debt 

Credit Corp

Debt consolidation allows you to take multiple debts and combine them into one, and you can do this with your credit card debt. Doing this makes managing the debt a little easier, and you may be able to get a lower interest rate. Table of Contents: What Is Credit Card Consolidation?

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Nearly 1 in 4 Americans with debt are putting less money toward credit card payments: ‘People are really struggling’

Collection Industry News

Total credit card debt in the U.S. trillion in credit card debt as of the end of December, according to the Federal Reserve Bank of New York’s latest Household Debt and Credit Report. People have less money to contribute to their financial goals like paying down debt.”

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Over half of student loan borrowers racked up credit card debt during the payment pause—now experts worry about ‘shock’

Collection Industry News

Over 50% of borrowers added debt on regular credit cards during the student loan payment pause and another 31% racked up balances on retail cards, a recent TransUnion analysis found. Many will have to work to get out of credit card debt at the same time.

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Seven Ways to Get Out of Debt in 2022

Better Credit Blog

Since more Americans are under pressure to resolve their debt, we’ve outlined several strategies that reduce or eliminate this financial liability. What is Debt? Debt is the amount of money you owe to a lender or creditor. Some examples of debt are mortgages, credit card dues, and personal loans.

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Congress Passes Relief for Student Loan Borrowers in CARES Act

Titan Consulting

Private loans, Perkins Loans, and FFEL loans held by commercial lenders were not included in the CARES Act. A forbearance through a non-qualifying loan will continue to accrue interest during the forbearance period but could include payment relief from 3 to 24 months. Who Qualifies for the CARES Act Student Loan Benefits?

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Lawmakers take aim at credit card interest rates, fees as cardholder debt tops $1 trillion

Collection Industry News

Some lawmakers and regulators are calling for interest rate caps and lower fees on credit cards as debt levels march higher. Total credit card debt topped $1 trillion in the second quarter of 2023 for the first time ever. Why should we not extend these same protections to veterans and all Americans?”

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We’re Debt Free [And How You Can Do It]

Credit Corp

Get Your Free Credit Report Card. My Debt-Free Life Started Late in My Adult Life. The average American has about $6,000 in credit card debt , with a large percentage of this amount resulting from accrued interest. Here are a few ways to reduce the amount owed on debts from major purchases.