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3 Ways To Pay Off Credit Card Debt Quickly In 2023

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If you closed out 2022 with a pile of credit card debt, rest assured that you’re not alone. Unfortunately, many people have had to rack up debt this year due to inflation. And even during periods when costs aren’t inflated, it’s common to wrap up the holiday season with some amount of debt, so if that’s the boat you’ve landed in, it’s not so unusual.

At the same time, starting off a new year with credit card debt is hardly ideal. Not only can it be demoralizing, but also, the longer you carry that debt, the more it’s going to cost you in interest. And if you allow your debt to linger for too long, you might reach the point where the interest you pay exceeds the initial charges you made.

If you’re eager to shed your debt as quickly as possible in 2023, the right strategy could be your ticket to meeting that goal. And you can use these tactics to eliminate your debt well before the end of 2023.

This post originally appeared at The Motley Fool.