In the Press

If you’re carrying a lot of debt, you might feel overwhelmed and depressed because you have no idea how to pay it off. In fact, the more you think about it, the more helpless you feel about your situation. Still, it’s not as hopeless as you might think. There are many ways to reorganize your debt to get you respite, giving you either partial or full relief.

As the United States continues to struggle with the impact of the pandemic, large sectors of the service economy continue to flounder, such as hotels, restaurants, schools, tourism, and airlines. Such disruptions put an abrupt end to the expansion of the U.S. economy after its recovery from the 2007-2008 global financial crisis.

Too many Americans find themselves in the predicament of carrying over a balance of high-interest credit card debt each month, and it isn’t helping anybody’s credit score. As a result, many households are now asking: How can I get out from under my credit card debt? Will debt consolidation hurt my credit? How does debt consolidation work? Here are some answers.