Rising Credit Card Interest Rates With Neile Simon

Christian talk radio with Rob West

With the Federal Reserve’s effort to curb inflation by raising interest rates, credit card holders are feeling the pinch. The average APR for all credit card accounts in the first quarter of 2023 was just over 20%, a 4-point increase in the last 6 months. Neile Simon, a Certified Credit Counselor with Christian Credit Counselors, explains how to get started paying down high-interest debt, the signs that credit cards are out of control, and how CCC can help. Rob also answers listener questions about investing, withdrawing assets from an elderly parent on Medicaid, and building a positive credit history.