To effectively manage and reduce credit card debt, it’s crucial to pay off balances quickly to avoid long-term financial strain. How to Pay Off Credit Card Debt and Avoid Years of Financial Struggle Credit card debt is a major issue for many Americans with average balances around $8,000 and interest rates near 23%. This high … Read more
In a recent episode of a popular YouTube personal finance show, Caleb Hammer confronted a financial crisis faced by a 33-year-old Navy veteran named Christa, currently working as a stripper in Las Vegas, Nevada. Christa revealed that she was struggling with a staggering $28,453 credit card debt, with monthly interest payments soaring to $399. Her … Read more
The amount of US consumer credit card debt has surpassed $1 trillion for the first time. The overall US consumer credit card debt is at its highest level over $1.03 trillion, according to the Federal Reserve Bank of New York’s quarterly report on household debt and credit, which was released on Tuesday. The US consumer … Read more