article thumbnail

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. Debt consolidation loans.

article thumbnail

Seven Ways to Get Out of Debt in 2022

Better Credit Blog

By connecting with representatives from debt consolidation and debt relief companies, you’ll have someone to guide you and discuss specialized plans to pay down debt and meet your financial goals. Debt Consolidation. Debt consolidation combines multiple smaller debts into one large loan or credit card.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Is Debt Settlement Legit?

Titan Consulting

After years of sparse regulation and oversight that allowed a few unscrupulous companies to unlawfully take money from consumers without helping them achieve debt relief, Congress provided the necessary consumer protections to regulate the debt relief industry. What regulators oversea the debt settlement industry ?

article thumbnail

FAQs About Debt Management Plans

Debt Guru

If you’re feeling buried under the weight of multiple debts, a DMP might be the solution to escape the crush. How do I choose a debt management agency? The Federal Trade Commission recommends finding a reputable credit counseling organization that uses certified counselors trained in consumer credit and debt management.

article thumbnail

Freedom Debt Relief Review

Better Credit Blog

Negotiate with your creditors to reach settlements and reduce your total debt. Help you come up with a 24- to 48-month debt repayment plan tailored to your budget. In keeping with Federal Trade Commission rules , Freedom Debt Relief doesn’t charge upfront fees. Debt consolidation programs. Ads by Money.

article thumbnail

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

Credit Corp

If your transportation needs are as simple as commuting or running errands, it is more feasible to make lower payments on a cheap car as you pay off as much of your debt as possible. You can make significant reductions to your debt using some of the below methods. Find a Part-Time Gig to Boost Your Income.

article thumbnail

5 Best Credit Repair Companies – Updated April 2022

Better Credit Blog

You could also complain to the Federal Trade Commission on the FTC’s site. Debt Consolidation. You may be able to save money each month by consolidating some of your high-interest debt into a lower-interest loan. Alternatives to Credit Repair. Don’t confuse these programs with credit repair services.