Finding Credit Card Debt Relief
The current financial crisis has increased the risk of credit card debt problems for Americans. People facing job or income loss, as well as business closures, often must rely on credit cards to cover bills and necessary expenses. Even after a household’s income recovers, it can be difficult to pay down high-interest rate balances. However, finding the right debt relief solution can make it faster and easier to regain stability.
How Consolidated Credit Helps Americans Find Debt Relief
The pandemic and resulting financial crisis have led to increased credit card debt for millions of Americans. This video offers a snapshot of consumer debt in the U.S. and how Consolidated Credit has helped Americans find relief.
2020 took a toll on people’s finances
Americans owe over $900 billion in credit card debt
The average household has a total balance of $7,849
But Consolidated Credit is here to help people find relief
We provided free credit counseling to nearly 280,000 Americans in 2020
And we helped consolidate over $232 million during this crisis
Don’t let credit card debt hold you back from recovery!
Call 800-995-0737 for a free debt and budget evaluation
How to find credit card debt relief in 3 easy steps
“Debt relief” refers to any solution that minimizes the burden of paying off credit card debt. The goal is to reduce or eliminate interest charges and fees so you can pay off the balances faster. In many cases, you can pay less each month and still get out of debt faster than you can with traditional payments. Essentially, you find a more efficient way to pay back what you owe that works for your finances.
But every financial situation is different, and there are multiple ways to get out of credit card debt:
- Do a credit card balance transfer so you can pay off the debt interest-free
- Consolidate the debt with a low-interest personal loan
- Enroll in a debt management program through a credit counseling agency
- Settle debt for less than you owe, but you’ll take a hit to your credit
- Declare bankruptcy so you can make a fresh start
So, how do you know which solution is right for you? The answer is through consumer credit counseling. And Consolidated Credit is here to help you zero in on the right solution for your unique financial situation using these three steps.