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Ep 365: Credit Cards 101: How To Get Out Of Debt

HerMoney with Jean Chatzky

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Introduction

Jean Chatsky: Credit card balances reached an all-time high of 986 billion nationally. She says the average debt that each American carries has also climbed to $5,800. The interest rate hikes that the Fed has said it will not be stopping any time soon make it a tough time and a pretty bad idea to take on more debt than you have to.

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