The current economic landscape has become increasingly challenging for many individuals and households. Between higher-than-expected inflation and the high-rate environment meant to temper it, managing personal finances has become an uphill battle. One area where this strain is particularly evident is credit card debt.
Debt consolidation programs: Many debt relief companies offer debt consolidation programs in which they negotiate with your creditors to secure lower interest rates or better terms. These programs typically involve rolling your outstanding balances into a loan with a single monthly payment, much like a debt consolidation loan.
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