Credit card forbearance offers temporary payment relief, but qualifying requires meeting specific criteria. Getty Images/iStockphoto

Credit card debt is climbing again, and that means more people are feeling the pinch caused by taking on high-rate debt in today's inflationary environment . According to the most recent data, the total amount of credit card debt nationwide reached a record high of $1.21 trillion in the second quarter of 2025, a clear indicator of how big the issue has become. Meanwhile, the average credit card rate remains near 22%, meaning balances can grow quickly for anyone carrying a balance, and especially for those who are at risk of or are actively missing payments.

If you're struggling to keep up with your monthly card payments, credit card forbeara

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