Getting into credit card debt is easy. Paying it off is another story. If you find yourself carrying more debt than you should, you aren’t alone. Dealing with monthly bills and life’s unexpected expenses make getting out of credit card debt seem like an impossible task. If you’re trying to reduce your U.S. credit card …
credit card debt
Consumer debt as of the end of 2019 was $14 trillion. That was before coronavirus and the current growing number of people filing for unemployment. Currently, people are amassing even more credit card debt as unemployed people are using credit cards to pay rent, utilities, and a host of other things during the COVID-19 stay-at-home mandate. …
According to statistics, over 60% of American households hold credit cards, with the average debt being $6,194. While not ideal, credit card debt of $6,194 might not be unmanageable if you aren’t burdened with a lot of other debt. However, what if your credit card debt is more than this? What if you have multiple lines of …
Are you struggling each month to pay credit card bills that carry outrageous interest rates? It can feel as if you’ll never pay off your balance. Is there anything legal that an honest, hardworking person can do to get a lower credit card interest rate? Fortunately, there is. In fact, there are a number of …
The American people are falling deeper into debt. The United States total credit card debt now exceeds $1 trillion. While credit card debt ranks below mortgages, auto, and student loans, lenders view credit card debt as the worst of the group. You cannot build equity with a credit card like a home or vehicle. Student loans …
Credit cards offer great financial opportunities and rewards given they’re used as intended. Unfortunately, sometimes relying on credit cards become your only financial option. This, then, creates the cycle of credit card debt. The average American carries 4 credit cards. They also tend to carry close to $6k in credit card debt, too. Some can manage but for …