The math is brutal. At an average interest rate of 22%, all it takes is a revolving credit card balance of a few thousand dollars to find yourself in serious trouble, especially as the interest ...

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We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. What makes this environment particularly challenging, though, is the ...

Are debt relief programs legit? Yes. Debt relief, aka debt settlement or debt resolution, is a legitimate industry that can be helpful to people experiencing certain financial difficulties. However, ...

Americans are feeling a credit crunch: U.S. consumers held a record $1.21 trillion in credit card debt in the second quarter of 2025, according to the New York Fed. Nearly half of cardholders carry a ...

Many Americans are deep in the red. In fact, household debt hit $18.59 trillion in the third quarter of 2025, according to the Federal Reserve Bank of New York. As people find themselves drowning in ...

Americans continue to struggle under the weight of crushing debt. Consumers owed an average of $104,755 as of mid-2025 — down slightly from $105,580 a year earlier — according to credit bureau ...