Credit card debt can be easy to get into but it’s often difficult to get out of. Building up credit card debt can be as simple as spending more than you can easily pay off, whether it’s on clothes, electronics or too much takeout.
Getting out of credit card debt, on the other hand, often requires fastidious payments and sacrifices. Credit cards often have high interest rates, which can make it even more difficult to get out of debt, says certified financial planner Hanna Horvath. “Credit card debt has obviously become extremely expensive,” she says. “I think it will still be quite expensive to carry credit c…
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