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

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

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 ...

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

Consolidation is a way to move high-interest debt onto a lower-interest product, like a balance transfer credit card or a credit card consolidation loan, which then makes it easier to pay off.

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 ...

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.

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 ...

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.

Best Overall for Debt Settlement, Best for Credit Card Debt, Best for Low Fees: National Debt Relief Best for Medium-Sized Debts: Freedom Debt Relief Best for Customer Satisfaction and Reputation ...