Should homeowners tap equity to pay off costly debt? Weigh these pros and cons
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Credit card debt has become increasingly difficult to manage over the last few years, and it's causing major issues for borrowers in today's economic landscape. Not only are credit card interest rates still elevated, but inflation is climbing again . In turn, millions of borrowers — including those who were previously staying on top of their balances — are starting to feel the strain that those larger monthly payments are putting on their tighter budgets. That financial pressure can escalate
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