Credit Card Debt Surges in 2022
Are You Stressed by Mounting Credit Card Debt?
According to the Federal Reserve Bank of New York, credit card balances have increased by 13% in the past year, As inflationary pressures rise and increased interest rates continue to impact our economy, credit card debt is expected to pose a significant burden on consumers who have fallen into the credit card debt trap. Not only are people taking on more debt in the post pandemic environment, but they are using credit cards to deal with inflationary price increases.
Are you in the credit card debt trap?
- Are you feeling the pressure of credit card debt?
- Is it becoming increasingly difficult to pay for necessities?
- Does paying down your account balances seem impossible?
- Are you borrowing from one card to pay another?
Consumer Debt Help is Available!
Debt settlement companies work with you and your creditors on a tailored plan to help reduce your debt. The settlement company negotiates with creditors so that they will accept payment of less than you owe, but consider your account settled, or paid in full. It is possible to negotiate with credit card companies yourself, but reputable debt settlement companies are experts, and therefore are typically more skilled at negotiating with creditors.
There are a variety of options available to consumers like you to address mounting credit card debt such as Debt Settlement.
Debt Settlement Facts
- Debt can be reduced by as much as 50% with a debt settlement company
- Is NOT a loan
- Has a negative impact to credit score, but not as severe as bankruptcy
