As millions of Americans struggle with mounting debt, it is crucial for borrowers to understand their options and consequences. Can credit cards offer a way out of debt? Are debt collectors relentless, or do they eventually give up? Which debt relief companies can actually help?

According to CBS News, while using credit cards for debt consolidation can be an option, borrowers should proceed with caution. High interest rates and fees can actually worsen the financial situation if not managed properly. It is essential for borrowers to know the risks involved and to have a solid plan in place before considering this strategy.

When dealing with debt collectors, delinquent borrowers should be aware that some may never give up despite the statute of limitations on debt collection. It is important for borrowers to understand their rights and seek legal advice if necessary to protect themselves from aggressive collectors.

For those seeking debt relief, choosing the right company is critical. CBS News has compiled a list of the best debt relief companies, offering advice and recommendations to help borrowers make informed decisions. Stay informed, be proactive, and take control of your financial future.