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Credit card debt is surging at a record-high rate

Collection Industry News

If you’re struggling to repay high-interest credit card debt, keep reading to learn about three strategies that could help you get out of debt fast. You can also compare a variety of financial products, from balance transfer cards to debt consolidation loans , on Credible’s online marketplace.

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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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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. You’ll receive an amount of money that you’ll use to pay off your current debt.

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How to Repay Debt: 4 Options

Debt Guru

Assess your debt, and write out a schedule of how you will pay off your debt, including how much you’re going to pay each month and the exact date you’re going to make that payment. Before you create your plan, try calling your lenders to simply ask if they’re willing to work out a payment schedule that fits in with your plan.

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How to Get out of a Debt Spiral–11 Easy Things to Do [TODAY]

Credit Corp

When you can’t control your debt spiral on your own, you should contact credit counseling agencies first. They help cash-strapped credit cardholders to eradicate debts and establish a stable financial life. Credit counseling agencies offer this plan in exchange for a fee. Opt for Debt Consolidation.