The total credit card debt for all Americans is now more than $1 trillion and more than half of all Americans carry their credit card balance from month to month.
If you are determined to start paying down your credit card balances, there are ways to attack the problem.
Experts say there’s usually a good reason why credit card debt can start to grow.
“It’s usually either a one-time emergency expense, like a home repair or a car repair, a medical bill, something like that, or it’s just day to day expenses outpacing your paycheck. It’s not usually a vacation or a shopping spree,” Ted Rossman, a senior industry analyst at Bankrate.com said.
Rossman says debt can add up quickly.
“You know, if you have the average balance, which is about …
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