Credit card debt can be difficult to manage even in the best of times, but increasingly high interest rates are adding to that challenge. On Wednesday, the Federal Reserve announced a 0.75% increase to the federal funds rate — its largest hike in almost 30 years. Increases to this rate tend to make borrowing more…

Jackie Veling writes for NerdWallet. Email: jveling@nerdwallet.com.

The article Rising Interest Rates Mean It’s Time to Knock Out Credit Card Debt originally appeared on NerdWallet.

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