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How to qualify for a credit card hardship program this November

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Financial crisis still life.
A hardship program could keep your credit card debt from breaking the bank, but you’ll have to qualify first. 

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As we head into November, many Americans are feeling financial strain caused by carrying a credit card balance from one month to the next. After all, credit cards are one of the most expensive financing options, with the average credit card interest rate now exceeding 23% — the highest rate on record. That, coupled with the compounding nature of credit card interest, has resulted in significant financial strain for millions of cardholders.

Another issue is that many households continue to feel the lingering effects of inflation on the prices of everyday essentials, despite significant improvements in the inflation rate. This economic pressure has led more people to rely on credit cards to bridge the financial gaps they’re facing. The average person now carries nearly $8,000 in credit card debt, and given how quickly the interest charges can compound, many cardholders are searching for solutions to their escalating debts.

For those facing unexpected financial hardships, a credit card hardship program may be the right move. These assistance programs can provide substantial relief by temporarily reducing interest rates, waiving card fees or lowering monthly payments. However, they’re not automatically available to everyone — and you must meet specific qualification criteria to enroll.

Learn about your credit card debt relief options here.

How to qualify for a credit card hardship program this November

If you’re considering applying for a credit card hardship program, here’s how to get started:

Identify your financial hardship

Hardship programs are typically designed to assist people who are facing genuine, verifiable financial difficulties, like a recent job loss, high medical bills, a reduction in income or other unexpected events. So before reaching out to your card issuer, take the time to gather documents that support your situation, such as termination notices, hospital or doctor’s bills, pay stubs showing reduced hours or bank statements that highlight financial strain. Being transparent and specific about your financial challenges will make your request more compelling.

Get rid of your high-rate credit card debt now.

Have your financial information ready

You should also be prepared to provide a clear and detailed picture of your current financial situation. This might include a summary of your monthly income, expenses and any other debts you’re managing. Some issuers will request specific forms of documentation, such as recent pay stubs, tax returns or a monthly budget breakdown. Presenting accurate and organized information can strengthen your case and make it easier for the issuer to understand why you need assistance.

Contact your card issuer

Not all credit card companies offer hardship programs, and the terms can vary significantly among those that do. Some issuers may only provide short-term assistance, while others offer longer periods of relief. In order to determine what’s available to you, call the customer service number on the back of your card and ask to speak with someone about financial hardship assistance. Make sure to ask specific questions about eligibility requirements, program terms and the documentation you’ll need to submit.

Demonstrate a willingness to pay

Issuers are more inclined to offer assistance to customers who show a history of responsible debt management. If possible, highlight your past efforts to make timely payments, even if they were partial or occasionally delayed. If you’re experiencing a temporary setback, make sure your lender knows you are committed to paying down your debt once your situation improves. A willingness to work toward repayment, even in small amounts, can improve your chances of being approved for a hardship program.

Apply promptly

Applying promptly, especially if your financial issues are worsening, can increase your chances of securing assistance. Credit card companies sometimes adjust their hardship programs based on the economic climate and customer demand, so reaching out sooner rather than later can give you a better shot at getting approved before stricter criteria or limited availability impact your chances.

What to do if you don’t qualify

If you’re not approved for a credit card hardship program, don’t lose hope. Other debt relief options may still be accessible to you. Here are a few alternative strategies to consider:

  • Credit card debt forgiveness: Credit card debt forgiveness, also referred to as debt settlement, is a process in which you work with a debt settlement company or negotiate directly with your creditors to try and settle your debt for less than what you owe. 
  • Debt consolidation: Debt consolidation allows you to combine multiple credit card balances into a single loan, ideally with a lower interest rate, to simplify your payments and potentially reduce the amount of interest you’re paying each month. 
  • Debt management: A debt management plan helps you pay off credit card debt with structured monthly payments over three to five years. These programs may offer reduced interest rates or waived fees, making monthly payments more affordable. 

The bottom line

Credit card hardship programs can be a valuable tool for those who qualify, so if you’re facing a temporary financial setback, it may be worth considering this option. But if you don’t qualify, other debt relief solutions may provide the help you need. By exploring the options above and speaking with a debt relief expert, you may be able to find a pathway to reduce your debt burden this November and work toward long-term financial stability.



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Latest news on China’s efforts to hack Trump, Vance and Harris campaign

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Latest news on China’s efforts to hack Trump, Vance and Harris campaign – CBS News


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Federal officials say China-backed cybercriminals may be behind efforts to hack phones or networks used by former President Donald Trump and running mate JD Vance. The hackers may have also targeted Vice President Kamala Harris’ campaign. CBS News’ Nicole Sgana reports.

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Jamshid Sharmahd, Iranian-German prisoner who lived in California, executed in Iran over disputed terror charges

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Iranian-German prisoner Jamshid Sharmahd, who was kidnapped in Dubai in 2020 by Iranian security forces, has been executed in Iran after being convicted on terror charges disputed by his family, the country’s judiciary reported Monday.

Sharmahd, 69, was one of several Iranian dissidents abroad in recent years either tricked or kidnapped back to Iran as Tehran began lashing out after the collapse of its 2015 nuclear deal with world powers.

Sharmahd’s execution comes just two days after Israel launched a retaliatory strike against Iran amid the ongoing Mideast wars. While not directly linking his execution to the attack, the judiciary accused him of being “under orders from masters in Western intelligence agencies, the United States and the child-killing Zionist regime” when allegedly carrying out attacks in Iran.

The judiciary’s Mizan news agency reported his execution took place Monday morning, without offering details. Iran, one of the world’s top executioners, typically hangs condemned prisoners at sunrise.

Iran accused Sharmahd, who lived in Glendora, California, for two decades, of planning a 2008 attack on a mosque that killed 14 people and wounded over 200 others, as well as plotting other assaults through the Kingdom Assembly of Iran opposition group and its Tondar militant wing.

gettyimages-1252480110.jpg
Signs showing Jamshid Shamahd, an Iranian german journalist, who was sentenced to death, are seen during traditional Labor day demo which is organized by the Geran Federation of Trade Unions (DGB) at Deutsches Eck, with German chancellor Olaf Scholz attending this year in Koblenz, Germany on May 1, 2023.

Photo by Ying Tang/NurPhoto via Getty Images


Iran also accused Sharmahd of “disclosing classified information” on missile sites of Iran’s paramilitary Revolutionary Guard during a television program in 2017.

“Without a doubt, the divine promise regarding the supporters of terrorism will be fulfilled, and this is a definite promise,” the judiciary said in announcing his execution.

Sharmahd’s family disputed the allegations and had worked for years to see him freed. They could not be immediately reached for comment.

Germany expelled two Iranian diplomats in 2023 over Sharmahd’s death sentence. The U.S. State Department has referred to Iran’s treatment of Sharmahd as “reprehensible” and described him facing a “sham trial.”

The German government and the U.S. State Department did not immediately respond to a request for comment Monday.

Amnesty International said the proceedings against Sharmahd had been a “grossly unfair trial” because he had been denied access to an independent lawyer and “the right to defend himself.”

“The government-appointed lawyer said that without payment of $250,000 from the family, he would not defend Jamshid Sharmahd in court and would only ‘sit there,'” Amnesty said in one report on his case.

However, Amnesty noted that Sharmahd ran a website for the Kingdom Assembly of Iran and its Tondar militant wing that included claims of “responsibility for explosions inside Iran,” though he repeatedly denied being involved in the attacks.

Sharmahd had been in Dubai in 2020 while on his way to India for a business deal involving his software company. He was hoping to get a connecting flight despite the ongoing coronavirus pandemic disrupting global travel at the time.

Sharmahd’s family received the last message from him on July 28, 2020. It’s unclear how the abduction happened. But tracking data showed Sharmahd’s mobile phone traveled south from Dubai to the city of Al Ain on July 29, crossing the border into Oman. On July 30, tracking data showed the mobile phone traveled to the Omani port city of Sohar, where the signal stopped.

Two days later, Iran announced it had captured Sharmahd in a “complex operation.” The Intelligence Ministry published a photograph of him blindfolded.

His daughter, Gazelle Sharmahd, saw her father appear on Iranian TV in a courtroom, looking petrified.

“He’s forced to confessions about crimes he did not commit,” Gazelle Sharmahd told “60 Minutes” recently. “The charge that they gave him is corruption on Earth. That’s why he got the death sentence.”

Iran
Iranian-German national and U.S. resident Jamshid Sharmahd attends his trial at the Revolutionary Court, in Tehran, Iran, Sunday, Feb. 6, 2022. 

Koosha Mahshid Falahi / AP


Iran carries out the highest number of executions annually after China, according to rights groups, including Amnesty International. The number of executions in 2023 was the highest recorded since 2015 and marked a 48% increase from 2022, and a 172% increase from 2021, Amnesty said.

According to Human Rights Watch, Iran executed at least 87 people in August, including 29 in one day.



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Can Puerto Rico vote in U.S. presidential elections? What to know amid backlash from Trump rally comment

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Washington — Voters in Puerto Rico who are angered by an offensive remark about the island at former President Donald Trump’s campaign rally at Madison Square Garden in New York on Sunday have little recourse because residents of the territory cannot vote in the presidential election. 

But there are millions of Puerto Ricans living in one of the 50 states who are eligible to vote. According to the Pew Research Center, Puerto Ricans make up the second-largest Hispanic voting group, with nearly 6 million voters living in the mainland U.S. as of 2021. Pennsylvania in particular has a sizable Puerto Rican population whose votes could make a difference in the battleground state. 

Days before Election Day, Trump’s campaign is trying to distance itself from comedian Tony Hinchcliffe who made several racist and crude insults toward minorities at the rally, including calling Puerto Rico a “floating island of garbage.” 

Can Puerto Ricans vote in U.S. presidential elections?

There are 3.4 million residents living on the island of Puerto Rico, according to the 2020 Census. Those residents of Puerto Rico are not permitted to vote in presidential elections, though they’re U.S. citizens and can participate in the Republican and Democratic presidential primaries. 

Puerto Ricans can vote in federal elections if they live in one of the 50 states or Washington, D.C., and are registered to vote.

What did Tony Hinchcliffe say about Puerto Rico at the Trump rally?

Racist jokes made by comedian Tony Hinchcliffe, who goes by the stage name Kill Tony, overshadowed what was supposed to be Trump’s closing message. 

“I don’t know if you guys know this, but there’s literally a floating island of garbage in the middle of the ocean right now. I think it’s called Puerto Rico,” Hinchcliffe said. 

Trump’s campaign said Hinchcliffe’s jokes, which also included offensive jokes about Black people and Latinos, were not pre-approved or reviewed by the campaign. 

“This joke does not reflect the views of President Trump or the campaign,” senior adviser Danielle Alvarez said in a statement.

Why isn’t Puerto Rico a state? 

There’s been a yearslong debate over the status of Puerto Rico, which became a U.S. territory in 1898 after Spain ceded it to the U.S. following the Spanish-American War. 

Congress has been reluctant to give Puerto Rico statehood because of the potential economic costs, as well as concerns about how it would change the balance of power in Washington. 

If it became a state, two senators would be added to the Senate and it would receive proportional representation in the House. 

Puerto Rico has held a series of nonbonding votes on its relationship with the U.S., most recently in 2020 in which more than half of voters said the island should be granted statehood. 

What other U.S. territories are excluded from presidential elections?

Like Puerto Rico, residents of these U.S. territories cannot vote in presidential elections: American Samoa, Guam, the Northern Mariana Islands and the U.S. Virgin Islands. 

Except for residents of American Samoa, those born in the other four American territories are U.S. citizens and can vote in federal elections if they live in one of the 50 states or Washington, D.C. Residents of American Samoa, who are U.S. nationals, are not eligible to vote in federal elections even if they live in one of the states. 



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