With the federal funds rate paused at a 23-year high, borrowing costs are up. And, since rates are high on credit cards, you may have seen the interest charges on your credit card balloon recently.
If higher credit card payments are impacting your budget, credit card debt forgiveness could make sense. These services typically negotiate with your credit card companies to settle your debts for less than you owe.
But credit card debt forgiveness isn’t for everyone. For some, the tax implications and potential impact on credit scores mean these programs aren’t worth what they can provide. But when does credit card deb…
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