Make money work for you!

  • Home
  • Personal Finance
  • Budgeting
  • Shopping
  • Taxes

10 Best Debt Relief Programs for Seniors

November 21, 2025 · Personal Finance
Debt Free Lifestyle Habit earn an extra $1K
Photo by Rocketclips, Inc. at Shutterstock

Debt has become an increasingly heavy burden for older Americans. As healthcare expenses rise, retirement savings fall short, and inflation continues to strain fixed incomes, many seniors find themselves struggling with credit card balances, medical bills, personal loans, and even mortgage or tax debt.

According to recent studies, adults over age 60 now carry more than $400 billion in debt collectively — the highest level in history. For many retirees, monthly bills take up most of their Social Security check, leaving little left for essentials like medication, groceries, or utilities.

The good news: There are real options for debt relief that can help seniors reduce payments, lower interest, and regain financial stability. From government assistance to nonprofit programs and lender-based solutions, help is available.

Here are 10 debt relief programs and strategies that can make a major difference if you or a loved one is struggling.

Pages: 1 2 3 4 5 6 7 8 9

Share this article

Facebook Twitter Pinterest LinkedIn Email

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest Posts

  • protect your wallet from inflation 6 Bills That Changed After Trump Returned to Office
  • Amazon Are You Eligible For a Refund From Amazon? Find Out Here!
  • social security, income 7 Social Security Benefits That Will Change SOON
  • Risks, Emergency Fund New Bill Could Send $600 Tariff Rebates to Millions (See If You Qualify!)
  • credit card Medical Debt Relief: States That Act vs. States That Don’t

Related Articles

small towns to retire in

5 Amazing Small Towns to Retire In for Only $2,300 a Month

Have you ever considered small towns to retire into when you reach your golden age?…

Read More →
worrying about money, financial stability

I Stopped Worrying About Money Thanks to These Trustworthy 7 Tips

I stopped worrying about money thanks to these tips. You may want to follow them…

Read More →
car insurance rate

Alert! Here’s Why Your Car Insurance Rate Is Rising in 2024!

Have you noticed your car insurance rate going up this year? There’s a lot at…

Read More →
jobs that earn a lot

19 Jobs Where You Can Earn Over $150,000

Do You Want to Earn Over $150,000? Apply for These 19 Jobs: How would you…

Read More →
unemployment

7 Clever Ways to Use Unemployment Benefits

What to know about unemployment benefits Job loss can throw us all over the edge,…

Read More →
healthcare wealth

Here’s How to Cover Your Healthcare Costs in Retirement in Your 50s

Even if retirement still seems far away in your 40s and 50s, time will pass…

Read More →
A smartphone displaying a mobile payment app interface, with a physical wallet and cash visible nearby.

Navigating the Digital Wallet: A Senior’s Guide to Zelle, Venmo, and PayPal

Not long ago, the sound of personal finance was the crisp rustle of cash or…

Read More →
switching banks

Switching Banks? Here Are 8 Pros and Cons You Should Know

If you’re thinking of switching banks, you are not alone. According to a 2021 study,…

Read More →
net worth

11 Important Assets That Will Boost Your Net Worth

11 Assets That Will Automatically Increase Your Net Worth Your net worth is more than…

Read More →
The Money Place

Make money work for you!

Inedit Agency S.R.L.
Bucharest, Romania

contact@ineditagency.com

Explore

  • Subscribe
  • Unsubscribe
  • Newsletter
  • Terms and Conditions
  • Do not sell my personal information
  • Privacy Policy
  • Contact

Categories

  • Budgeting
  • Personal Finance
  • Shopping
  • Taxes

© 2025 The Money Place. All rights reserved.