The COVID pandemic led to a sharp decrease in credit card debt, but this trend has unfortunately reversed. Neile Simon, a Certified Credit Counselor, explains that 46% of cardholders now carry a balance, up from 39% in 2021. Inflation and interest rate hikes are the chief causes of this increase, with the average interest rate now nearly 20%. Home foreclosures and delinquent auto loans have also risen sharply. Simon shares that Christian Credit Counselors offers a debt management plan to help people pay off their credit card debt 80% faster. This is a biblical approach to debt relief, which helps people experience the peace and freedom that God wants for all of us.