Reported 4 days ago
A recent Debt.com survey reveals that one in three Americans rely on credit cards to manage their finances, with a significant portion maxing out their limits and carrying large balances. Financial expert Nick Holeman suggests using the 'debt avalanche' method to prioritize paying off high-interest debt first, particularly those with rates above 8%. He also advises against refinancing until interest rates drop further and emphasizes the importance of budgeting and setting financial goals to avoid reliance on credit.
Source: YAHOO