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Credit card debt risks and practical fixes
Robert Rolfe outlines how U S households carry 935 billion in credit card debt last year, with average per-household indebtedness over 8000 dollars. He recommends tracking every card balance and APR, prioritizing payments, closing niche store cards, seeking nonprofit credit counseling, and building an emergency fund to avoid future debt, plus leveraging employer insurance and retirement plans.
MENTIONED IN THIS ARTICLE
America
Federal Reserve
Robert Rolfe
Financial Services
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