Debt balances have been climbing rapidly over the last year, and so have the costs of carrying them. Not only are credit card balances clocking in at over $1.23 trillion , a record high, but the rates attached to them remain stubbornly elevated, too — even after multiple Federal Reserve cuts late last year. That has left millions of borrowers stuck in a cycle where their debt compounds rapidly, and as a result, the minimum payments barely move the needle. And, when you add in the extra