Growing credit card debt and steep interest rates are becoming a significant burden for many in our area, with a notable surge in individuals seeking assistance.
Sharice Nwankwo, who found herself with over $20,000 in credit card debt.
“I was using my credit card, and after a while, I couldn’t pay the minimum payment,” Nwankwo shared, emphasizing the difficulty in managing her debt due to high interest rates. Despite her efforts, “the balance wasnt going down.”
Emanuel Rivero of Money Management International, a nonprofit debt counseling agency, noted a significant uptick in requests for help.
“We’re actually seeing a significant increase in phone call volume, folks that are reaching out to us for help,” Rivero stated.
In 2023, Flori…
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