These debt relief companies could help you slash your debt, but there are a few things to know before signing up.

Compare NerdWallet's expert picks for the best debt consolidation loans from companies like Discover, Upgrade and SoFi. Consolidate credit card and other debts for faster payoff.

Ready to consolidate your debt? Not so fast. Do these things first to improve your chances of getting real relief.

Look at the kind of debt you have: Debt relief companies only work with unsecured debts like credit cards or medical bills, not auto loans or mortgages. If you owe the IRS, you'll need a tax ...

Freedom Debt Relief reports credit card limits aren’t keeping pace with debt, stressing residents in Kentucky, Alabama, and ...

Consolidating credit card debt is taking out a loan to merge credit card payments into one payment. Through credit card consolidation, it may be possible to get a new loan with a lower interest rate.

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 ...

Americans suffer high amounts of consumer debt, primarily revolving credit card debt. In February 2025, the average credit card debt per American was $6,455, up $194 from a year ago.

When you’re having trouble paying a credit card bill due to circumstances beyond your control, some credit card issuers may be willing to work with you through a hardship plan.Once a well-kept ...

Debt consolidation requires a better credit score: If your credit has already taken a hit from your mounting debt, you might not be able to get approved for a 0% APR balance transfer card or debt ...

Most types of unsecured debt, like personal loans and credit card debt, ... Most debt relief companies also have a minimum amount of debt required to enroll, typically about $7,500 to $10,000.