Staff Writer
By Staff Writer on July 24, 2020

Repaying  credit card debt can be costly and time consuming because many credit cards charge very high-interest rates. In fact, according to the most recent data from the Federal Reserve, average credit card interest rates were at 15.09% while the average rate on cards assessed interest was even higher at 16.61%. According to Pro Publica, if your credit score is under 660, your interest rate may be as high as 27%.