Remove Accrued Interest Remove Collections Remove Credit Card Debt
article thumbnail

Can I Settle My Credit Card Debt Myself?

Titan Consulting

Professional debt settlement companies can help you negotiate debt for less than the full balance owed if you find the process intimidating or overwhelming. A growing stack of bills collects and grows bigger each week. When Should You Consider a Debt Settlement Program ?

article thumbnail

How to Pay Off Credit Card Debt Fast: 9 Smart Strategies

Credit Corp

While many people have at least some credit card debt, once it gets too high, it can be overwhelming and anxiety-inducing. Recent credit card debt statistics show the average American household has over $9,000 in credit card debt.

Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

Inflation is driving up consumer credit card debt by billions of dollars

Collection Industry News

consumers took on $43 billion in additional credit card debt during the second quarter of this year, ending in June. That’s more than triple the average amount of new debt households have taken on in that period since after the Great Recession of 2007-08. Newly released data from WalletHub says U.S.

article thumbnail

Congress Passes Relief for Student Loan Borrowers in CARES Act

Titan Consulting

Benefits include a suspension of payments, no negative credit reporting, no collection activity, and no accrual if interest until September 30, 2020. Congress also counts the non-payment period through September as credit toward loan forgiveness credit. Contact us today at (888) 488-4517 or Apply Online now.

article thumbnail

Nearly 1 in 4 Americans with debt are putting less money toward credit card payments: ‘People are really struggling’

Collection Industry News

Total credit card debt in the U.S. Americans collectively hold $1.13 trillion in credit card debt as of the end of December, according to the Federal Reserve Bank of New York’s latest Household Debt and Credit Report. The minimum payment math is brutal.”

article thumbnail

Seven Ways to Get Out of Debt in 2022

Better Credit Blog

Although accruing lots of debt isn’t ideal, it may sometimes be unavoidable, such as mortgage payments or student loans. In these situations, debt is considered positive mainly because your financial objective has value and long-term benefits. You may be sent to collections. When this happens, your credit score drops.

article thumbnail

Lawmakers take aim at credit card interest rates, fees as cardholder debt tops $1 trillion

Collection Industry News

Some lawmakers and regulators are calling for interest rate caps and lower fees on credit cards as debt levels march higher. Total credit card debt topped $1 trillion in the second quarter of 2023 for the first time ever. Your debt can drag on for decades.”