Credit card debt is nothing new for most Americans. In fact, the “vast majority” of adult Americans have at least one credit card in their wallets and borrowers across the United States owe credit card companies a combined total of more than $1 trillion according to the U.S. Government Accountability Office.
As you use your credit cards and your balances begin to grow, you may ask yourself, “how much debt is too much?” After all, you don’t want to end up with more high interest credit card debt than you can comfortably afford to pay off. The answer to this question is an important one and it can help you a…
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