High-Interest Credit Card Debt: Why Your Balance Isn’t Shrinking

Woman holding cash and phone with calculator – concept of how not all debt is created equal

High-interest credit card debt can be incredibly frustrating. You’re making payments every month, but the balance barely moves—and it feels like nothing is changing. At a 29% interest rate, a big chunk of your payment goes to interest before it ever reaches your balance. That’s what makes it so frustrating: you’re doing the right thing, […]