Leading financial gurus say credit card debt is a wealth drainer across American households.
Data from the Fed now puts the tab on credit card debt at roughly $1.26 trillion. With average credit card interest rates now over 20%, it’s understandable why paying it off as soon as possible is important to your financial livelihood.
While there are many possible ways to tackle credit card debt, a lot of homeowners seem to be unaware of a glaringly obvious strategy: Refinancing with a home equity loan.
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A recent survey from the debt relief company Achieve found 31% of Americans didn’t even know this was possible. Gen Z was the most uninformed…