Economic pressures are continuing to squeeze household budgets across the country. And, after the latest report showed an uptick in inflation, the Federal Reserve opted to keep the federal funds rate paused for now.
That’s important because the federal funds rate forms the foundation for consumer interest rates. And with the benchmark rate paused at a 23-year high, borrowing costs are up, and so are credit card rates.
If you can’t keep up with your growing credit card payments, you may be considering bankruptcy. But while bankruptcy might be a viable option for debt relief, there may be ways to avoid it.
Read the full article at: https://www.cbsnews.com/news/5-great-ways-to-avoid-bankruptcy/