One effective strategy for managing credit card debt is to: A. Replace low-interest credit cards with higher-interest credit cards. B. Slightly exaggerate your yearly income when applying for a credit card. C. Pay more than the minimum monthly payment to limit accumulating interest. D. Make sure you spend your entire credit limit before making any payments.
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Step 1: Replace low-interest credit cards with higher-interest credit cards is not an effective strategy for managing credit card debt as it will only increase the amount of interest paid over time. Show more…
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