Rising interest rates forcing families into 'credit card trap'

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Rising interest rates forcing families into 'credit card trap'
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As the Fed continues to raise interest rates, more and more families are finding themselves deeper into credit card debt.

But rising interest rates are making those credit cards dangerous these days.

Inflation and the end of stimulus checks mean many consumers are putting more purchases onto their credit cards right now. As card rates approach 20 percent, financial experts say it's easy to fall into the"credit card trap."

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