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Is credit card debt forgiveness easy to qualify for?

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Credit card debt forgiveness can be easy to qualify for, assuming you meet some basic requirements.

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If you have mounting credit card debt, you’re not alone. The average United States household owes some $7,951 to credit card companies. Of course, with that being the average, some borrowers will owe significantly more than that number while some borrowers owe significantly less. 

But, in today’s inflationary environment, any amount of credit card debt can be challenging. After all, credit card interest rates and minimum payments are high. If you couple those high payments with the growing cost of goods, it can be difficult to make ends meet. 

The good news is that a credit card debt forgiveness program may be able to help. The companies that offer these services negotiate with your credit card companies with the goal of reducing what you owe and making your debt more manageable. But, is it easy to qualify for credit card debt forgiveness?

Find out if your credit card debt can be forgiven here now

Is credit card debt forgiveness easy to qualify for?

Credit card debt forgiveness programs are typically easy to qualify for. That is, as long as you have enough debt (at least $7,500) and you’re having a hard time paying that debt off.

“If the consumer can show that they have a high debt to income ratio and have overextended themselves, credit card companies will more likely be willing to work with them,” explains Aaron Cirksena, founder and CEO of the money management firm, MDRN Capital. “However, consumers must be careful not to take on large amounts of debt, then quickly ask for forgiveness. Companies do not look favorable upon that and will be unlikely to work with you.”

If you’re having a hard time dealing with your credit card debt, you shouldn’t hesitate to seek the relief you need. Here’s why: 

Your financial hardship may get worse if you don’t act

It’s critical to seek the debt relief you need if you’re facing financial hardship. If you wait, things may only get worse. After all, persistent inflation continues to drive the cost of consumer goods and services up. That may leave fewer dollars in your budget that you can use to address your credit card debts. 

In fact, as prices grow, you may be using your credit cards to pay your daily expenses. But, that may only lead to higher credit card balances and growing minimum payments, exacerbating your current financial struggles.

If you enroll in a credit card debt forgiveness program now, however, you may be able to cut your monthly payment obligations – leaving more money in your budget to cope with today’s higher cost of living.  

Tap into credit card debt forgiveness to give yourself more financial breathing room today

Persistent inflation means high rates are staying put

Interest rates are high at the moment. And, those high rates are largely the result of stubborn inflation. When inflation runs hot, the Federal Reserve typically reacts by increasing its federal funds rate – a rate that many banks use to determine the interest rates they’ll charge borrowers. 

Unfortunately, we’ve seen a trend of hot inflation thus far in 2024. And the most recent inflation report (April’s report showing March data) showed the inflation rate at 3.5%. That’s nearly double the Federal Reserve’s 2% inflation target. As such, there are few signs of interest rate cuts happening anytime soon.  

Higher rates may be in the future

While there aren’t many signs that interest rate cuts are on the horizon, there are some signs that interest rates may rise ahead. And, if you’re already struggling with credit card debt, higher interest rates may only add to your financial hardship by making your credit card payments grow. 

Keep in mind that the Federal Reserve’s most effective weapon against inflation is its ability to raise rates. With January’s inflation rate at 3.1%, February’s at 3.2%, and March’s at 3.5%, it would be understandable for the Fed to consider rate hikes ahead to put a damper on the growing inflation rate across the country. If that happens, the cost of your credit card debt may rise if you’re not already enrolled in a debt relief program.

The bottom line

Credit card debt forgiveness is relatively easy to qualify for. That’s especially true if you have over $7,500 in credit card debt to contend with and you’re having a hard time making ends meet. 

If that sounds like your position, it may not only be easy to qualify for credit card debt forgiveness, it could be worthwhile to get started now. After all, your financial hardship may get worse as inflation persists. And, that persistent inflation means that higher rates and payments could be on the horizon. Reach out to a debt forgiveness expert now to find out if you qualify for help



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Floods, landslides struck parts of Bosnia as residents slept, leaving at least 16 dead and several missing

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A severe rainstorm struck Bosnia overnight Friday, killing at least 16 people in floods and landslides in several towns and villages in central and southern parts of the country, with surging waters rushing into people’s homes as they were sleeping.

Rescue services in the south said several people were missing and called on volunteers and the army to assist as roads were closed and houses left without electricity.

Josip Kalem, a resident of Fojnica, one of the towns hit by the floods, said his dog’s barking woke him up at around 4 a.m. When he came out on the terrace, he saw the water rising rapidly.

“I came down, woke up my wife, and we looked around, we could not get out of the house. We saw more and more water coming in,” he said. “All of a sudden, the water was flooding the garage, basement, my car — everything. The water swept it all away, including my dog. Flood took it downstream.”

Andja Milesic, another resident of Fojnica, also said she was caught by surprise in the middle of the night.

“When I woke up, my bedroom floor was already soaked. I walked into the hallway — water was everywhere — the living room, everywhere,” she said. “It was horrible.”

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A car is submerged in flood waters outside an apartment building in the village of Kiseljak, northern Bosnia, Friday, Oct. 4, 2024.

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Darko Juka, a spokesman for the local administration, said at least 14 people had died in and around the southern town of Jablanica. Officials later said two more bodies have been found.

“Those are the ones who have been discovered by rescuers,” he said. “We still don’t know the final death toll.”

“I don’t remember such a crisis since the war,” Juka said referring to the 1992-95 war in Bosnia that left the country in ruins. “The scale of this chaotic situation is harrowing.”

Defense Minister Zukan Helez told N1 regional television that troops have been engaged to help and that the casualties were reported.

Helez said that “hour after hour we are receiving news about new victims. … Our first priority is to save the people who are alive and buried in houses where the landslides are.”

A pregnant woman lost her baby after she was rescued from the floods and transferred to a hospital in the regional center of Mostar. Authorities said doctors were fighting for her life as well. Separately, a child was successfully rescued and hospitalized, local officials said.

Rescue services in the towns of Jablanica and Kiseljak said the power was off overnight and mobile phones lost their signal.

The Jablanica fire station said that the town was completely inaccessible because roads and trainlines were closed.

“The police informed us that the railroad is also blocked,” the state rescue service said in a statement. “You can’t get in or out of Jablanica at the moment. Landline phones are working, but mobile phones have no signal.”

It urged people not to venture out on the flooded streets.

Human-caused climate change increases the intensity of rainfall because warm air holds more moisture. This summer, the Balkans were also hit by long-lasting record temperatures, causing a drought. Scientists said the dried-out land has hampered the absorption of floodwaters.

Bosnia Flooding
Apartment buildings are reflected at a flooded soccer field after a heavy rain in the village of Kiseljak, northern Bosnia, Friday, Oct. 4, 2024.

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Drone footage broadcast on Bosnian media showed villages and towns completely submerged under water, while videos on social networks showed dramatic scenes of muddy torrents and damaged roads.

One of the busiest roads linking Sarajevo with the Adriatic coast via Jablanica was swept into a river, together with a railway line in a huge landslide, according to photos.

“Many people are endangered because of big waters and landslides. There is information about victims and many injured and missing persons,” said the civic protection service.

Authorities urged people to stay on the upper floors of their homes. Reports said surging waters swept away domestic animals and cars as the water swiftly filled up lower floors of buildings.

The heavy rains and strong winds were also reported in neighboring Croatia, where several roads were closed and the capital of Zagreb prepared for the swollen Sava River to burst its banks.

Heavy winds have hampered traffic along the southern coast of the Adriatic Sea, and flash floods caused by heavy rain threatened several towns and villages in Croatia.

Floods caused by torrential rains were also reported in Montenegro, south of Bosnia, where some villages were cut off and roads and homes flooded.

In 2014, floodwaters triggered more than 3,000 landslides across the Balkans, laying waste to entire towns and villages and disturbing land mines leftover from the region’s 1990s war, along with warning signs that marked the unexploded weapons.



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The Uplift: Steve Gleason and more

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The Uplift: Steve Gleason and more – CBS News


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NFL legend Steve Gleason shares his experience with ALS in a heartfelt conversation with David Begnaud. A man whose life changed drastically in a split second is using the life-changing event to inspire others. Plus, more heartwarming stories.

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Eye on America: Inside an extreme sports camp, and a look at how libraries are innovating

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Eye on America: Inside an extreme sports camp, and a look at how libraries are innovating – CBS News


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In Pennsylvania, we visit a sleepaway camp that’s training the next generation of extreme sports stars. And in South Carolina, we see how public libraries are evolving to better serve the growing and diverse needs of its community members. Watch these stories and more on “Eye on America” with host Michelle Miller.

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