Credit card debt forgiveness may help you get out of debt faster. Here's why you should enroll before June.
Have you heard about credit card debt forgiveness? These programs work with your lenders to cut your credit card balances in an attempt to offer you relief from overwhelming debt. And, if you owe $7,500 or more in credit card debt and you're having a hard time making your payments, you may be a strong candidate for forgiveness. If that's the case for you, you may want to act quickly.
So, while high inflation may push the cost of credit card debt up in the future, it has already increased the cost of living - a trend that may continue. That means your credit card debt may become even more challenging to deal with if you don't do something to address it now. After all, rising prices for things like food, gas, shelter and more will only make it more difficult to make your credit card payments on time.
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