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    Americans now have nearly four trillion dollars in credit card debt, and the average household has nearly $10,000 in credit card obligations. With interest rates that average 20% per year, this debt grows faster than overwhelmed consumers can pay it off. With interest rates rising and more and more consumers struggling to pay their bills and retire their debts, more and more consumers are considering debt settlement firms as a solution to their credit card debt. Is that a good idea? Debt- The Plight of the Baby Boomer Generation
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    Debt settlement companies claim that they can negotiate with your creditors in order to obtain a settlement for a “fraction” of the amount that you actually owe them. Some of them advertise that they can save you up to 50%. Can they do that? Should you use these companies?

    Such offers should always be taken with a grain of salt. It may be possible for a company to negotiate a lo

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