If you have credit cards that you carry a balance on from month to month, you’re not alone. Credit card debt is a common issue in the United States, and card balances are on the rise, according to the Federal Reserve.
Unfortunately, today’s high interest rate environment can make it difficult to make your minimum payments. After all, credit cards typically have variable rates, and the minimum payments you make are meant to primarily address interest. So, with rates rising over the past couple of years, your credit card minimum payments likely followed.
But what if you can’t afford to make your minimum payments? While you…
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