Between today's high inflation rate, the elevated interest rates meant to temper it and other economic hurdles, there's no question that many households are facing issues with their finances.
Should you close your credit cards when settling debt?While credit card closure is not always a mandatory component of debt settlement, there are several reasons why closing credit cards during debt settlement might be beneficial for your finances, including:To avoid temptation: Closing your credit cards can help you resist the urge to accumulate more debt and avoid a similar credit card issue in the future.
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