Nearly half can make only minimum payments or are behind, while 79% would accept a credit-score decline to become debt free faster
SAN MATEO, Calif., Oct. 1, 2026 /PRNewswire/ — Americans carrying substantial unsecured debt are cutting everyday expenses, drawing from retirement savings and trying multiple repayment strategies, yet many still cannot make meaningful progress, according to a new study from Freedom Debt Relief and Money.com.
The study, “Deep in debt, borrowers are cutting back but still struggling,” is available on FreedomDebtRelief.com and as a PDF download.
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