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  2. Best debt relief options for credit card debt - AOL

    www.aol.com/finance/best-debt-relief-options...

    Bankruptcy. Bankruptcy is a legal process that provides relief from overwhelming debt by liquidating assets or creating a repayment plan. Chapter 7 bankruptcy is ideal for unsecured loans (such as ...

  3. How to settle credit card debt - AOL

    www.aol.com/finance/settle-credit-card-debt...

    Credit card debt settlement is an option when you're experiencing financial strain and want to reduce your overall debt. You can negotiate with the card issuer yourself or work with an attorney or ...

  4. What are debt relief companies and how do they work? - AOL

    www.aol.com/finance/debt-relief-companies-look-3...

    A debt management plan (DMP) is a repayment plan for people with multiple debt balances. You’ll work with a debt relief company or credit counselor to pay down your existing debt in three to ...

  5. 5 Warning Signs of a Debt Relief Scam - AOL

    www.aol.com/5-warning-signs-debt-relief...

    The combination of a global pandemic and soaring inflation has left many Americans with mountains of debt. The total household debt in the U.S. rose by $351 billion (2.2%) to reach $16.51 trillion ...

  6. Credit card debt - Wikipedia

    en.wikipedia.org/wiki/Credit_card_debt

    Consumer and government debt in the United States. Credit card debt results when a client of a credit card company purchases an item or service through the card system. Debt grows through the accrual of interest and penalties when the consumer fails to repay the company for the money they have spent. If the debt is not paid on time, the company ...

  7. How to spot debt collection scams: 6 signs to watch out for

    www.aol.com/finance/spot-debt-collection-scams-6...

    Receiving a call, email or letter from a company purporting to be a debt collector can spark alarm. Before disclosing any information, look for these eight signs of a fake debt collection scam. 1 ...

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