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Mates Offer Ways to Lower Credit Card Debt Now
The article outlines practical steps to pay off credit card debt during uncertain times. It urges strengthening savings first, aiming for one to two months of expenses, then using saved funds to accelerate debt payoff. It also advises not closing cards, negotiating lower interest rates, and directing freed cash toward reducing balances.
MENTIONED IN THIS ARTICLE
Kate Welker
Billy Hensley
National Endowment For Financial Education
Hensley