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Debt's Year-Round Grip: Crushing Auto Loans and Credit Card Debt Overwhelm Americans

Digging out of debt is no longer a new year tradition as Americans struggle with pricey car loans and ballooning credit card debt year-round. Inflation and rising interest rates are making it unsustainable, with serious delinquency rates at 14-year highs. Experts recommend reaching out for free credit counseling before the situation becomes dire.