Are you struggling to pay off your credit card debt? You’re not alone. Credit card debt is commonplace in the United States and many people that have it struggle to get rid of it.
“Of all types of debt, credit cards charge some of the highest interest rates so they are among the most expensive,” Noah Damsky, CFA and Principal of Marina Wealth Advisors, says. “With credit card interest rates often in excess of 20%, the outstanding balance can compound quickly and spiral out of control over just a couple years.”
Nonetheless, it’s important to pay off your credit cards as quickly as possible. But what can you do …
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