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Tag: creditcard debt

How to Fix Credit Debt During Rising Interest Rates

Posted on October 17, 2022January 21, 2023 by Dee

Because of rising inflation, the Federal Reserve has raised interest rates several times since March. The Fed is attempting to reduce inflation to its 2% target. Increasing the federal interest rate has repercussions in practically every economic sector, including financial instruments such as credit cards. Credit card APRs, or interest rates, are rising with Fed rate rises.

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