6 ways to manage credit card debt while unemployed

As more Americans struggle to make ends meet in today's unusual economic climate, credit card delinquencies are on the rise and maxed-out credit card accounts are a relatively common issue — especially for members of certain generations. And, that uptick in card delinquencies can be attributed, at least in part, to the elevated interest rate environment, which has caused credit card rates to hover above 21% on average.

While any type of monthly payment obligation can be stressful when you're unemployed, taking advantage of the lower interest rates these loan programs offer, and, in turn, the lower monthly payments, could mean the difference between affording your monthly debt obligations or not. After all, a reduction of even $50 per month in interest charges could make it a lot easier to manage your debt payments on a tighter budget.

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