- Dec 3, 2006
- 2,404
- 892
- 59
- Country
- United States
- Faith
- Baptist
- Marital Status
- Married
- Politics
- US-Republican
Americans have $1.13 trillion in credit card debt. Here are some expert tips to help pay yours off
Cardholders are carrying more credit card debt than ever before and paying record high interest rates. Here are the best ways to jump-start debt repayment.
www.cnbc.com
Credit cards are an Achilles’ heel for many people.
Collectively, Americans now owe $1.13 trillion on their cards, and the average balance per consumer is up to $6,360, both historic highs.
Not only are more cardholders carrying debt from month to month but more are increasingly falling behind on payments, recent reports show.
Credit card debt hits a 'staggering' $1.13 trillion. Here's why so many Americans are under pressure
Strong consumer spending boosted credit card balances to a new record high in the fourth quarter, according to the Federal Reserve Bank of New York.
www.cnbc.com
Americans lean more on credit cards as expenses stay high: 46% of cardholders now carry debt from month to month
More Americans carry credit card debt from month to month as living expenses stay high, according to a new report by Bankrate.
www.cnbc.com