Since 2015 we have been trying to find ways to improve the financial wellbeing of teachers, parents, and their communities. Financial hardships have always existed, but COVID 19 has done an amazing job at disrupting just about every facet of normal life, especially finances. This is true for teachers, restaurant owners and workers, and so many sectors of our economy at home and abroad. Many individuals and families had to rely on credit card cards to get them through this incredibly trying time we are in.
For many, credit cards were the only way to purchase necessary goods and services. For others, credit cards became the way to buy that not so necessary big ticket item, like a motorcycle. Stop turning red in the face, its ok, quarantine can do crazy things to ones common sense and inhibitions. According to CNBC, 51 million Americans took on more credit card debt because of COVID. It would also make sense that millions of Americans would also be struggling to pay back what is now owed to the credit card companies. CNBC reports that 61 million Americans might find themselves in this situation.
Whatever the case may be, you might be finding yourself with a very large credit card balance that you are not ready to pay off and interest fees that you do not want to get buried in. Good news, we have a great resource to help you address your credit card issues. Laura Mohammad and Ted Rossman at CreditCards.com created a comprehensive guide to help you find the best balance-transfer credit card as well as other solutions to help you tackle your debt. Click here to read it.
Thank you for visiting us. We wish you health, happiness and success in all your financial endeavors. Please feel free to share your thoughts in the comment section below.
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