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Credit card debt hit a record-breaking $1.12 trillion in 2024. As credit card users struggle to pay bills, delinquency is also growing: 9% of credit card balances were delinquent during the first quarter of 2024.
If your credit cards are maxed out, or you were late in making a payment, you may have received a letter from a company claiming it can forgive or reduce your credit card bill. While some third-party debt relief programs can definitely help you, not all of them are trustworthy.
