Posts Tagged ‘Credit Card Debt’

Drowning in Credit Card Debt

About 1 in 6 credit card holders in America’s biggest cities carry a balance of $10,000 or more, according to a new report from CompareCards, and none of those cities has a higher percentage of these cardholders than Bridgeport, Connecticut.

CompareCards analyzed a…

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The ‘$20 Rule’ – and How to Control Credit Card Debt

A lot of the advice you get about how to manage credit card debt is simple common sense: pay off your bills in full each month; don’t finance big-ticket items at high interest, etc. Some of the advice is a bit strange: freeze your credit cards in ice…

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American Household Credit Card Debt a Growing Burden

American households with credit card debt have an average of $16,061 of it, according a study from NerdWallet.

NerdWallet adds that consumers who carry credit card debt pay an average of $1,292 per year in interest on it.

Now, maybe you read that top line statistic and say…

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Credit Card Debt vs. Emergency Savings

Credit card debt that seems safe and manageable can become an untenable burden once we’re hit with a job loss or family medical emergency. That’s why – at the least — your credit card debt should never exceed the amount you’ve set aside to deal with emergencies.

Yet, a…

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