Reported 4 days ago
Americans are facing a year-round struggle with debt, as overall household debt has reached a record high of $18.04 trillion. While traditionally, debt relief was sought after the holidays, this trend has changed due to rising auto loan payments and credit card debt exacerbated by inflation. More individuals across various income levels are experiencing payment delinquencies, leading to financial stress and a growing reliance on credit for everyday expenses. Experts urge those in need not to wait until their situation worsens to seek assistance from credit counselors.
Source: YAHOO