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Credit Card Debt Archives

'Tis the season to look at credit card debt

Experts say that you should pay your credit card bill every month in full so that you don't have to pay those high credit-card interest rates. While those experts might well be right about the wisdom of paying off cards monthly, the reality is that many people find themselves carrying a high balance (the average is over $10,000) and paying an interest rate that averages 16 percent.

Know these dos and don’ts of credit card debt

Nobody plans to get into unmanageable credit card debt. Credit card debt is something that can sneak up little by little, or it can happen all at once from a major expense. Neither situation is desirable, but the reality is that numerous Americans live with overwhelming credit card debt.

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