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While credit cards can be useful financial tools when managed responsibly, it’s surprisingly easy for this type of debt to become problematic. After all, the interest rates on credit cards tend to be higher than other borrowing options, so if you’re not paying off what you owe in full each month, your balance can grow out of control quickly. Couple that with the other economic hurdles we’re facing, like inflation pushing up the cost of housing, groceries and other necessities, and it’s easy to understand why
