Over the last year inflation and higher interest rates have caused the interest rates on credit cards to increase drastically Currently Investopedia says the average interest rate is 23.49% At this rate if you made no payments your debt would be more than double in just over 3 years During this high-interest time it is very important to work hard to pay down your debt. The first thing to do is to stop using your credit cards with balances. The next step is to make a budget and work hard to stick with it. The third step is looking for ways to earn extra money to pay down the debt quicker.
Based on your current circumstances we have several books that could help you make a budget and learn how to pay down and eventually eliminate your debt
Financial Essentials, Financial Essentials for Women by Women, Financial Essentials for Couples Financially Independent Teens, and . These books are available on Amazon as a Kindle or print book. Our website has additional information that you may find useful.
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