Negotiating Debt With Your Credit Card Companies

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9/19/22, 2:09 PM

Negotiating Debt With Your Credit Card Companies | fidomoney US | Finance

a Negotiating Debt With Your Credit Card Companies by fidomoney US | Sep 19, 2022 | Business, fidomoney US, Finance

According to a study conducted by credit reporting agency Experian, the average credit card balance in the US is over $5,000. The average credit utilization rate, the percentage of credit consumers use, was 25.3% in 2020.

If you rely on credit cards to pay your bills, you might feel like you’ll never get out of debt. However, there are some options that you can try to negotiate with your credit card companies to lower your debts. This can help you avoid getting adverse reports and improve your credit score.

Before you start negotiating with your credit card companies, it’s crucial that you first consider other debt-reduction options such as bankruptcy or credit counseling. These can help you get out of debt and avoid getting adverse reports. https://fidomoneyus.com/negotiating-debt-with-your-credit-card-companies/

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