Americans have set a new record for credit card debt, surpassing $1 trillion, with interest rates over 20% and a minimum payment warning on monthly statements. A certified credit counselor advises viewers to stop using credit cards, get on a budget, and use the snowball method, while a debt management program can help pay off debt 80% faster. Meanwhile, a listener asks about retirement planning, and a caller seeks advice on managing a small business administration loan and paying off debt.
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