The interest rate on your credit card balance could be the highest in history right now

Jan 11 2023 by Business Insider

 
Credit card consolidation can be a strategic move to pay off credit card debt and pay less in interest over time.

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The average credit card interest rate rose to a record high late last year. It comes as more Americans are taking on credit card debt and making late payments. Late payments remain below pre-pandemic levels but could rise during a recession.

Americans are taking on more credit card debt at the fastest pace in decades, and those left with balances at the end of...

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