Credit cards can offer many great benefits and perks but they can also be a burden for many borrowers. Scott Ferguson, certified financial planner, joined 'Stretching Your Dollar' to talk about the pros and cons of deactivating credit cards and managing debt.

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Stretching Your Dollar: Credit Card Debt on the Rise in the U.S.
Higher prices due to inflation combined with higher interest rates are creating a perfect storm for consumers who use credit cards, according to a Bankrate.com report. Ted Rossman, senior industry analyst at Bankrate.com, joined Cheddar News to discuss the latest report and what consumers can do to avoid any potential issues.
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