There is a total of $807 billion in credit card debt in America. The average American family has $6,270 in credit card debt, and families with the lowest quartile of net worth (median net worth $310) hold an average of $4,830 in credit card debt.
As a result of the COVID-19 pandemic and the unprecedented loss of 22.1 million jobs between January and April 2020, Americans have struggled to tackle consumer debt. To help working Americans manage their debt in such unusual times, founders Jason Saltzman, Bryan Okeke, and Ram Berrouet joined together to develop the Relief App.
Relief App is an app that eliminates credit card debt.The app uses AI and collective bargaining to reduce balances and help u…
Read the full article at: https://www.forbes.com/sites/christophergray/2021/08/06/the-relief-app-is-here-to-help-us-eliminate-credit-card-debt/