Whether you’re planning to take out a mortgage loan on a home, using a personal loan for debt consolidation or buying a car with an auto loan, chances are that you’ll be paying a lot more to borrow money than you would have just a few years ago. After all, the Federal Reserve has kept rates elevated at a 23-year high over its last several meetings to continue to chip away at the issues caused by high and persistent inflation.
And, while rates are high across the board, they’re very high for one borrowing tool in particular right now: credit cards. As of late June, the average credit card rate was closing in on 22% and depending on y…
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