American credit card debt is now at record levels, topping out at over $1.21 trillion, as of the most recent numbers.  When you throw in inflation and how high credit card rates are — even despite recent Federal Reserve rate cuts — those debts are becoming increasingly problematic for many consumers. "Credit card debt remains at record highs, driven by persistent inflation and elevated interest rates that make carrying a balance more costly," says Gina Seibert, chief financial officer at PSECU

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