According to a 2016 article on Nerd Wallet, the average American carries more than $16,000 in debt, and has an average household debt of over $130,000. Many factors contribute to this, including a cost of living that hasn’t kept up with income growth.
Many Americans suffer from the aftermath of the global economy crisis. These facts, plus the ones in the article to follow aren’t meant to scare the American consumer. Rather, they are meant to encourage Americans to manage their finances in a better, more empowering way. Below are five ways that will help consumers like you escape the chains of credit cared debt now.
1.Beware of Month-to-Month Credit Card Debt
It isn’t a small number of American household that carry credit-card debt. Fully 80% of Americans have a minimum of one credit card, with many having more. …show more content…
And that’s on a credit card that has just a $1,000 put on it initially. As mentioned, that extra debt can add up to almost $1,300 a year in extra payments.
Conclusion
While it can feel overwhelming to read through these five facts, credit-card debt doesn’t have to be overwhelming. Consumers holding credit-card debt can get the relief they need, even if it feels like the problem is urgent.
Additionally, while it’s ideal to pay off credit-card debt, sometimes it’s just not possible. Extended illness or unemployment can wipe out savings, making it nearly impossible to get ahead of debt - even for consumers who have the best of intentions.
Fortunately, Curadebt helps consumers settle millions of dollars in debt for just a fraction of the actual amount owed. Click here now to chat with one of our professional debt specialists. He/ she can help the average American borrower get a handle on your debt, no matter how big it is. This in turn will help consumers step back onto the road to financial
Many Americans suffer from the aftermath of the global economy crisis. These facts, plus the ones in the article to follow aren’t meant to scare the American consumer. Rather, they are meant to encourage Americans to manage their finances in a better, more empowering way. Below are five ways that will help consumers like you escape the chains of credit cared debt now.
1.Beware of Month-to-Month Credit Card Debt
It isn’t a small number of American household that carry credit-card debt. Fully 80% of Americans have a minimum of one credit card, with many having more. …show more content…
And that’s on a credit card that has just a $1,000 put on it initially. As mentioned, that extra debt can add up to almost $1,300 a year in extra payments.
Conclusion
While it can feel overwhelming to read through these five facts, credit-card debt doesn’t have to be overwhelming. Consumers holding credit-card debt can get the relief they need, even if it feels like the problem is urgent.
Additionally, while it’s ideal to pay off credit-card debt, sometimes it’s just not possible. Extended illness or unemployment can wipe out savings, making it nearly impossible to get ahead of debt - even for consumers who have the best of intentions.
Fortunately, Curadebt helps consumers settle millions of dollars in debt for just a fraction of the actual amount owed. Click here now to chat with one of our professional debt specialists. He/ she can help the average American borrower get a handle on your debt, no matter how big it is. This in turn will help consumers step back onto the road to financial