8 Credit Card Offers That Could Backfire Later
Credit card companies have their own interests before yours. Read between the lines before accepting an offer.
See where you stand compared to other consumers.
Credit cards can help us – especially in a financial emergency. But while they can be a saving grace in a time of financial need, or the perfect tool to help you live the life you want, they can also ruin your financial health when they’re abused.
Take a look at America’s credit card spending. Most Americans have a love/hate relationship with their credit cards – so if you curse and covet credit at the same time, you’re not alone. These stats can help you see where you stand so you can make the right choices when it comes to credit.
You may notice some of the stats below seem to disagree. Sometimes it just depends on the source you’re looking at and there’s often different ways to read the data. For instance, average credit card debt may be calculated using the entire population in the U.S. or it may be calculated based on only those people who actually have a credit card. Since those two numbers are very different, you can have different stats for average debt.
Are you buried in credit card debt? Debt.com can help negotiate with your creditors to lower your monthly payments so you can regain control. Call us today at 1-888-503-5563 to get started or fill out the form to the right and we’ll be in touch soon.
Article last modified on August 7, 2019. Published by Debt.com, LLC