Getty Images/iStockphoto
Credit card debt continues to rise, with balances up by $24 billion in the third quarter of 2024, according to the Federal Reserve. Americans now owe a record $1.17 trillion as consumers turn to their credit cards to cope with the fallout from inflation surges in the post-pandemic era. Delinquency rates also remain high, even after improving slightly for cards in the third quarter.
For Americans drowning in debt, options like debt consolidation and other kinds of debt relief may seem like a good way to improve…
