I am 37 years old, married with three children. I have a credit card debt of $21,000 with a 24% interest rate. I also have a time-limited, no-interest credit card balance of $10,848 that is due September 2023.

NerdWallet’s annual report shows that household credit card debt growth has slowed, and the gap between wages and cost of living increases has narrowed over the past five years. Still, many Americans are struggling with their balances.

Financial experts have several methods to help clients pay down credit cards and set realistic spending plans for the future.

A low credit score could limit your debt relief options — but will it make you ineligible for debt forgiveness?

Financial service business have written off 50 percent more overdue credit card debts in the past year, after exhausted household savings fueled consumer use of plastic.