BA Fam, we’re back with a classic BA Q&A, and this week’s episode is all about the kind of debt that just hits different credit cards with sky-high interest rates. A listener wrote in with a heartfelt message and a tough reality: nearly $12K in credit card debt spread across multiple cards, with APRs climbing over 30 percent.
Mandi breaks down:
- When debt consolidation actually makes sense
- How to avoid the trap of solving a short-term problem without fixing the root issue
- What happens to your credit score (for better or worse)
- The difference between snowballing your debt vs. avalanching it
- And why it’s time to stop avoiding your balances
You’re not alone, BA fam. And no, you’re not failing. You’re just one plan away from a financial reset. Let’s talk about it.
📩 Got a question? Email brownambitionpodcast@gmail.comor DM @brownambitionpodcast
Resources + Links:
- Investor.govCompound Interest Calculator
https://www.investor.gov/financial-tools-calculators/calculators/compound-interest-calculator
- Apps for tracking expenses: Rocket Money, spreadsheets, or whatever helps you
- Credit unions for lower-interest personal loans
- Debt snowball vs. debt avalanche
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