The pros and cons of different debt relief programs

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The pros and cons of different debt relief programs – CBS News

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Debt in the U.S. is on the rise with total household debt at more than $17 trillion, according to the Federal Reserve Bank of New York. High balances are leading many to look into different options for debt relief. Bruce McClary, senior vice president of media relations and membership at the National Foundation for Credit Counseling, joined CBS News to discuss what might work best for people in debt.

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