Major life events can have a major impact on your finances. When one GOBankingRates reader moved from Michigan to North Carolina, they learned that lesson the hard way. Although the sale of their home allowed them to pay off all their credit cards, they kept one card for everyday purchases. Now, they’re carrying $10,000 in debt on that card.
The reader wrote in with a question: Should they throw all their extra funds toward that high-interest balance, or should they switch to a card with a lower rate? Raising the stakes, they also have an excellent credit score they’re determined to protect.
