AUSTIN, Texas (4/28/15)--Some financial experts forecast that as the strength of the economy improves, credit card rates might rise. That means that minimum monthly credit card payments could increase as well (CreditCards.com April 21).
For those already having a tough time paying off credit card debt or struggling to pay even minimum payments each month, this could mean additional financial stress. To prepare for a possible rate increase or even just to get rid of credit card debt once and for all, here are things to consider:
For related information, read "20% Rely on Credit Cards to Maintain Lifestyle" and use the "What Will It Take to Pay Off My Balance" calculator in the Home & Family Finance Resource Center.