# New Approach to Debt Management and Preventing Bankruptcy

By Cara Schildmeyer · Published 2023-08-04 · Updated 2026-06-08 · Healthcare on MarketScale
Canonical: https://www.marketscale.com/industries/healthcare/new-approach-to-debt-management-and-preventing-bankruptcy
Creator hub: FinFit

> Financial advisors reveal how personalized debt strategies help individuals regain control before crisis sets in

## Key points

- Personalized debt strategies can help prevent financial crises.
- Over 50% of Americans are struggling with credit card debt.
- Financial counseling is increasingly important during economic challenges.

Block Field

As financial challenges persist, more individuals seek assistance in managing debt and achieving financial stability. Over [50% of Americans are concerned with their ability to pay off their credit card debt this year](https://www.newsweek.com/struggling-credit-card-debt-millions-americans-1807550#:~:text=A%20majority%20of%2055%20percent,percentage%20goes%20up%20to%2074.), emphasizing the urgency of discussing financial wellness solutions.

How can you take control of your financial future and tackle credit card debt?

On this episode of [*SECURE by FinFit*](https://www.finfit.com/podcast/), join Host [Charles Lattimer](https://www.linkedin.com/in/charleslattimer/), Chief Innovation & Growth Officer at [**FinFit**](https://www.finfit.com/), and [Kristen Holt](https://www.linkedin.com/in/kristenholt/), President & CEO at [**GreenPath Financial Wellness**](https://www.greenpath.com/), as they delve into the mission of empowering people to lead financially healthy lives through financial counseling and explore how **GreenPath**'s debt management programs have impacted millions of lives.

Lattimer and Holt also discuss:

1. The evolution of **GreenPath Financial Wellness** and its mission to empower financial health.
2. Debt management programs and their effectiveness in reducing credit card debt.
3. Addressing the increasing demand for financial counseling amidst economic challenges.

### About the Guest

**Kristen Holt** is the President and CEO of **GreenPath Financial Wellness**, a national nonprofit organization with over 50 years of experience in empowering individuals to lead financially healthy lives. With a background in finance and a passion for making a positive impact, Holt's journey in the financial wellness industry has been driven by a commitment to help people achieve financial stability.

Tags: debt management, financial health, financial stability, financial wellness, GreenPath

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