[Emmadelay26Participant]

Emmadelay26

To Manage Debt With Rising Interest Rates, start by listing every balance, interest rate, and monthly payment so you can see which debts are costing you the most. Prioritize high-interest debt while maintaining minimum payments on other accounts, and consider refinancing or consolidation only when the new terms genuinely lower your total borrowing cost. The CFPB notes that targeting the highest-interest debt can reduce long-term interest expenses, while a clear repayment plan helps keep progress on track.