It can take work to find the best debt relief company for your needs, but doing so could also pay off. / Credit: Getty Images/iStockphoto
Credit card balances grew by $44 billion in the final quarter of 2025 and the interest rate environment has made carrying that debt significantly more painful. A Federal Reserve interest rate pause in late April, the third such freeze in 2026, isn’t helping. At a range between 3.50% to 3.75%, rates have been frozen since December 2025. And that’s a continuous burden for millions of Americans.
Borrowers who are carrying high-rate credit card debt have felt it most acutely, as rates have hovered near historic highs, and with interest compounding month after month, even keeping up with minimum payments…