With the total credit card debt amount rapidly approaching $1.2 trillion, many consumers are struggling to make ends meet. According to LendingTree, the average household in the United States owes $7,236 – a 38% increase from 2021. The average interest rate on credit cards currently is an ugly 24.26%. When you connect these stats with the fact that millions of Americans pay only the minimum payments each month, climbing out of debt seems nearly impossible for some in 2025. At least trying to do so on your own is.

Luckily, benefits like lower monthly payments and lower interest rates are available through Debt Management Programs. And thanks to record breaking savings at DebtWave in 2024, these benefits make it possible to achieve financial freedom.

Debt Management Plan Payment Reduction
Clients that enrolled onto DebtWave’s Debt Management Program (DMP) in 2024 merited an average payment reduction of $220. The average minimum payment plummeted from $915 to $695. This shatters the previous year’s record of a $193 payment reduction.

A big factor that made these savings possible are the attractive concessions offered by the credit card companies. In 2021, creditors wanted about 2.71% of the balance as the monthly payment to enter a DMP. In 2024, that percentage decreased to 2.54%. Additionally, payments on own increased from 2021 to 2024. Creditors required about 3.15% of the balance when making payments on their own in 2021. That percentage increased to 3.35% in 2024.

Credit card companies have been generous with interest rates on DMPs as well. In 2020, the average interest rate obtained on the DMP was 8.2%. In 2024, the average APR dropped to 6.8%, setting a new record at DebtWave. As payments on own increased in 2024, so did the interest rates on own. The average APR per client on own in 2024 peaked at 23%.

Average Debt Per Client Enrolled
The average balance enrolled per client soared in in the last two years. Another record high established in 2024 with the average surpassing $27,000. This is nearly double the amount of $15,799 in 2022.

When you combine the payment savings and the monthly finance charge savings, you have clients making significant progress to their principal balance. From 2020-2022, the average total combined monthly savings was less than $300. In 2024, the monthly savings nearly doubled to $596.

We expect and hope these incredible concessions to continue in 2025. For those facing high balances on their credit cards and experiencing a financial hardship, help is available. Taking the first step toward financial freedom is the most important step to take. Find more information about credit counseling and our program or get started online.

Knowing how the Debt Review process works is important before you opt for it.

Can Divorce Mediation Help With Debt Division? Navigating debt division during a divorce can be challenging, but divorce mediation offers a practical solution. In this informative video, we will discuss how mediation can assist couples in managing their financial responsibilities during this difficult time. We’ll explain the role of a mediator and how they facilitate conversations between partners, ensuring that both parties can openly discuss their debts and reach agreements that work for them.

You will learn about the importance of transparency in mediation and how it helps in making fair decisions regarding debt. We’ll also clarify which debts are typically considered during the divorce process and how a mediator can help distinguish between marital and separate debts.

Furthermore, we will outline the steps involved once an agreement is reached, including the drafting of a settlement document and the importance of legal review before submission to the court.

This video emphasizes the benefits of mediation not just for financial outcomes, but also for maintaining family relationships during a divorce. Join us as we explore this collaborative approach to debt division, and subscribe to our channel for more helpful discussions on family relationships and divorce matters.

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#DivorceMediation #DebtDivision #FamilyRelationships #FinancialResponsibility #MediationProcess #DivorceSupport #CouplesCounseling #DebtManagement #Separation #LegalAdvice #FamilyLaw #MediationBenefits #OpenDialogue #StressReduction #DivorceHelp #HealthyRelationships

About Us: Better Family Relationships is dedicated to helping you strengthen the bonds within your family. Here, we cover a variety of topics including effective communication, conflict resolution, parenting tips, and ways to nurture healthy connections among family members. Our goal is to provide practical strategies and relatable stories that can inspire you to create a more harmonious home environment.

Does debt consolidation really work? Learn the pros, cons, and how to use it the right way to finally get out of debt. 4 years vs. 19 years…keep more money in your pocket. YOU CHOOSE!

See if you can get approved for a personal loan or debt consolidation loan that is right for you:
https://theyukonproject.com/product-comparison/compare-personal-loans/?swcfpc=1

Website: https://theyukonproject.com

Pay Off Credit Card Debt Faster | Our Free Payoff Calculator
https://theyukonproject.com/debt-payoff-calculator/

Video Chapters:
00:00 – Intro
00:22 – Debt consolidation explained
00:42 – Why debt consolidation DOESN’T work
01:03 – Consolidation can enable you to grow your debt
01:27 – How consolidating can make it easier to pay off your debts
02:04 – Example of how debt consolidation can save you money
03:01 – How consolidating can speed up debt payoff
03:48 – How consolidating can give your monthly budget breathing room
04:15 – Summary: When consolidation works
04:44 – Use a debt payoff calculator to make a plan
05:07 – Where to shop for debt consolidation loans
05:47 – Like and subscribe!

Does Debt Consolidation Work? Here’s the Truth.

If you’re buried under credit card balances, you’ve probably wondered: Does debt consolidation actually work? The honest answer is: Yes—and No. It all depends on how you use it.

In this video, we break down exactly how debt consolidation works, when it doesn’t work at all, and how to use it the right way to actually get out of debt faster and save money.

? What is Debt Consolidation?
Debt consolidation means combining multiple debts (like credit cards) into one new loan. You use that loan to pay off your credit cards or other high-interest debts, leaving you with one monthly payment—ideally at a lower interest rate.

? Why Debt Consolidation Doesn’t Work for Everyone:
You still owe the same amount. It’s not magic—it’s a transfer.
If you consolidate and then run up your credit cards again, your debt situation gets worse.
It’s not a fix for overspending—it’s a tool, and it only works if used responsibly.

? When Debt Consolidation Does Work:
Lower Interest Rates = Big Savings
If you’re paying 22–31% interest on your credit cards, and you can consolidate into a loan at 16% or lower, you’ll save hundreds—even thousands—over time.
Example:
$19,000 in credit card debt at 22–31% APR = $759/month payment
$19,000 consolidated into a 16% loan = $540/month
You save $124/month in interest
Pay extra each month and get out of debt 12 months faster!
Fixed Loan Term = Debt Payoff Date
Credit card debt can linger for 16+ years with minimum payments. A consolidation loan gives you a clear finish line, like 48 months.
Monthly Budget Relief
Lower payments = breathing room. Going from $759 to $540 per month could be a game-changer if you’re barely making ends meet.

???? Do the Math First
Use our free Debt Payoff Calculator at The Yukon Project to see how different strategies (including debt consolidation) impact your total payments, interest, and time to payoff.

???? Find the Best Debt Consolidation Loan
Not sure if you qualify for a good loan?
Go to our Marketplace and check your rate.
Enter your loan purpose, amount, and credit score range.
We compare your info with 40+ lenders using a soft credit check (no impact on your score).
You’ll see real, pre-approved offers—and you’re never obligated to accept.

???? Key Takeaways:
Debt consolidation can work—if you lower your interest rate and don’t build up new debt.
It works best if it gives you structure, saves money, and creates monthly breathing room.
The key is in the math. Make sure it works for you.

???? You’ve Got This
At The Yukon Project, our mission is simple: help people get out of debt and live their best financial lives. We believe in you—and we’ve built the tools to help you get started.
? Like this video
? Subscribe to our channel
? Share it with someone who needs it

Together, let’s take the first step toward a debt-free future.

#DebtConsolidation #DebtRelief #PersonalFinance #CreditCardDebt #TheYukonProject #DebtPayoff #FinancialFreedom #MoneyTips #BudgetHelp #DebtHelp #HowToPayOffDebt #DebtStrategy #DebtConsolidationLoan

A compilation of VERIFY reports produced locally by FOX54 in Huntsville, Ala.

– A viewer said campaign signs they found attached to stop signs were illegal. We sort out what state and local laws say.

– Debt collection emails can be stressful enough – but when fake ones enter the inbox, it’s time to call the VERIFY team!

– And Facebook ‘clubs’ promise astounding discounts and big-time freebies at national restaurant and grocery store chains – but are they legit? We have some tips for savvy deal-hunters.

The next two financial quarters are expected to witness margin decline for banking sectors. Sumeet Kariwala shares his insights on banking sector’s Q4 performance, top performers and top bets for FY26. Watch the complete video for more.

#banksector #q4results #stockmarket

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Cost around Debt Review Removal in South Africa – Be guided and get a free assessment. There are no upfront fees. Understand your current status first and if you are meeting the criteria or not.
Visit our website: https://debt365.co.za
Call us now:
#debt365
Remember to engage a reputable, Registered Debt Counselor

Courses on Khan Academy are always 100% free. Start practicing—and saving your progress—now!
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Debt management can be approached individually or with professional help. On your own, you can create a budget, communicate with creditors to negotiate better terms, or consolidate debts, though this might involve high interest rates. With assistance, credit counseling provides guidance and repayment plans, while debt settlement involves negotiating lower payments but can be risky; bankruptcy should only be considered as a last resort.

Khan Academy is a nonprofit organization with the mission of providing a free, world-class education for anyone, anywhere. We offer quizzes, questions, instructional videos, and articles on a range of academic subjects, including math, biology, chemistry, physics, history, economics, finance, grammar, preschool learning, and more. We provide teachers with tools and data so they can help their students develop the skills, habits, and mindsets for success in school and beyond. Khan Academy has been translated into dozens of languages, and 15 million people around the globe learn on Khan Academy every month. As a 501(c)(3) nonprofit organization, we would love your help!

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We are excited to invite you to a learning opportunity designed exclusively for real estate professionals!

During this webinar, Victor and Geoff will delve into their extensive experience to share insights and practical tips on key topics, including:

– Understand the differences between bank and B lending
– How to leverage private mortgages when traditional banking isn’t an option
– Explore various refinancing strategies
– Learn the ins and outs of securing construction loans

If you would like to skip ahead:

00:00 – Introduction
04:58 – The Differences Between Bank and B Lending
11:52 – How to Leverage Private Mortgages
29:09 – Various refinancing strategies
32:41 – The Ins and Outs of Securing Construction Loans
41:09 – Real Estate Transaction Management Software
44:05 – Q&A

Reach out to us at support@masterre.ca, if you have any questions.