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With inflation lingering and even ticking back up recently, many Americans are struggling to keep up with their bills. Not only do the higher prices and dollar devaluation caused by inflation create a budgeting challenge for many households, but with high interest rates in place due to inflation, that makes it even harder to pay back debt in an affordable, timely manner.
Overall, U.S. consumers carry over $5 trillion in debt, and the average credit card interest rate is around 22%, according…
