- March 26, 2022
Credit card debt is one of the most prevalent types of household debt. The average credit card debt for U.S. households that carry credit card balances is $5,700, according to a September 2016 report by NerdWallet. That’s up from $5,600 in 2015 and $4,700 in 2011.
It’s easy to get into credit card debt, but it’s difficult to get out. Unfortunately, many Americans have found it even more difficult than they thought. According to a CreditCards.com report , nearly 25 percent of U.S. adults said they were surprised by the amount of time it took...