Susan Cannon, 73, is drowning in $39,000 (RM152,000) of credit card debt spread across 19 cards, with interest rates ranging from 12% to nearly 35%.
73 Year Old Texas Woman Struggles with Debt
Living in rural Texas, she relies on Social Security, a pension, and part-time work as a mystery shopper, but rising costs force her to keep using credit cards for essentials like groceries and gas.
Despite paying more than the minimum each month, high interest prevents her from reducing her balance. Cannon supports proposals to cap credit card rates at 10%, saying it would make a huge difference. For now, she feels trapped, “just surviving.”
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