How to pay off credit card debt

How to pay off credit card debt

If you’re having trouble paying your credit card bill, you’re not alone. Credit card balances have increased (opens in a new tab) 13% over the past year, the fastest annual growth since 2002. And inflation coupled with higher interest rates can further complicate your efforts to avoid credit card debt.

After years of pandemic restrictions, it’s easy to understand the urge to spend more on experiences and make up for lost time. Some of us pay off our credit cards in full each month and never have a balance. However, this is not the case for everyone, especially millennials and older people. (opens in a new tab). If you have credit card debt (opens in a new tab)consider these strategies to eliminate or reduce what you owe, before it’s too late.

Know your credit score

#pay #credit #card #debt

Leave a Comment

Your email address will not be published. Required fields are marked *