How to get rid of credit card debt when living paycheck to paycheck

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How to get rid of credit card debt when living paycheck to paycheck
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Getting rid of high-rate credit card debt may be easier than you think — even if you're on a tight budget.

Credit card debt can be tough to tackle for those living paycheck to paycheck. After all, when you're living on a tight budget, every dollar counts. And, as cooling but persistent inflation continues to drive up the cost of everything from housing to groceries, tackling your substantial credit card balances in addition to your regular bills can feel impossible. Credit card interest rates are also hovering near record highs right now, which can cause your credit card debt to grow quickly.

During this process, the counselor will try to negotiate with your creditors to reduce the interest rates and fees on your credit cards. You then make a single monthly payment to the credit counseling agency, which distributes the funds to creditors.These programs can be beneficial if you're struggling to make your card payments, as they can make your card debt more affordable.

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