Today’s economic environment can be a challenging one if you have credit card debt. The cost of living is climbing as inflation continues unabated, which can make it difficult to budget for your credit card payments. Moreover, the Federal Reserve’s federal funds rate target currently stands at a 23-year high. And since that’s the primary benchmark for consumer interest rates, your credit card interest rates may be higher today than they were just a couple of years ago, pushing your minimum payments higher, too.
This can quickly result in thousands of dollars in accumulated credit card debt. So, what should you do if you have $7,500 (or more) in…
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