This highlights a concerning trend of rising credit card debt among consumers. It’s crucial for people to understand the various impacts of maintaining high credit card balances.
High balances coupled with late or missed payments can lead to significant financial issues, including larger interest charges, lower credit scores, and potential difficulties in obtaining future credit. It’s also important to acknowledge the stress and anxiety that can come with debt.
Various strategies can help manage and reduce credit card debt. These might include paying more than the minimum amount
