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Credit card debt has never been more crippling. With interest rates now hovering near 23%, cardholders are seeing their balances grow at record speed. The average American has over $8,000 in credit card debt — and the daily compound interest makes each month’s bills and minimum payments harder to handle.
But even in this high-rate environment, you have options to reduce interest charges. Smart strategies such as getting the right balance transfer card or debt consolidation loan can put you back in control of your finances.
We consulted financial…
