The inflationary economic environment has weighed heavily on many Americans over the past couple of years. In fact, inflation become so problematic following the COVID-19 pandemic that the Federal Reserve decided to increase interest rates several times – a move that made it even more difficult for those already struggling to make ends meet. That’s because higher interest rates usually result in higher minimum payments payments on variable-rate debts – like credit cards and personal loans.
If you’re struggling with credit card debt, you could be at your wit’s end and ready to contact a bankruptcy attorney to put your debts behind you. But, you mig…
Read the full article at: https://www.cbsnews.com/news/how-credit-card-debt-forgiveness-can-help-you-avoid-bankruptcy/