Reported 3 days ago
To escape the growing credit card debt cycle, it's essential to create a budget that curtails spending, pay off existing debts while avoiding new ones, consolidate debts for lower interest rates, increase earnings through side jobs, and build an emergency fund. With credit card interest rates averaging 20.13% as of February 2025, the burden of debt can intensify. Strategies like halting credit card use, setting a repayment plan, and potentially seeking help from a nonprofit debt relief organization can aid in achieving financial freedom.
Source: YAHOO