KALAMAZOO, Mich — Carrying over a credit card balance from month to month is always a bad idea, but it’s an even bigger problem nowadays.
That is because even though the federal reserve has started cutting interest rates, it could take a long time for credit card rates to return to where they were.
“It’s more important now that folks are vigilant about paying off and maintaining low credit card balances,” said Matt Ross, an Associate Professor of Finance with Western Michigan University’s Haworth College of Business…