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Tag: Credit Cards

The Effects Of Closing A Credit Card

Americans owe over $900 billion in credit card debt (El Issa, 2019), and credit card interest rates are on the rise – now over 15 percent (Commercial bank interest rate on credit card plans, accounts assessed interest, 2020). So, if you are on a mission to reduce or eliminate your credit card debt (go you!), you may be thinking you should close out your credit...