In today's challenging economic landscape, an increasing number of Americans are grappling with financial difficulties. And, one major issue that's contributing to it is high inflation. The latest inflation report shows that inflation is hovering near 3.3% currently, which is driving up the cost of everyday essentials and hurting people's budgets. Elevated interest rates are also making borrowing more expensive across the board.
Before you take this approach, though, here's what you should do:Thoroughly research your options: Look for reputable companies with a track record of successful settlements. Check reviews and ratings before enrolling in any programs.Understand the fees: Debt relief companies typically charge a percentage of the debt they help you settle, usually between 15% to 25% of the enrolled debt.