Credit card interest is the cost a borrower pays to use a credit card. It's typically charged when you carry a balance past the due date of your billing cycle. The interest is calculated as a percentage of the amount owed, and this percentage is referred to as the Annual Percentage Rate (APR). The percentage rate can be fixed (the rate doesn’t change or variable (the rate will fluctuate), depending on the provider. Most credit cards give you a grace period (usually...

It is something difficult and expensive to manage multiple debts and the interest applied on them each day and month. You can easily find yourself struggling to maintain your repayment plans with creditors. The constant reminders of outstanding balances can lead to stress and anxiety, impacting your financial well-being. One solution to manage and simplify your debt is debt consolidation. But what exactly is debt consolidation, and how can it help you regain control over your finances? What...