Credit Card Debt Articles

Credit Card Debt Relief For the Holiday Season

Worried about the holidays? Find credit card debt relief before it’s too late!

At any time of year, credit card debt relief is a popular topic. But around the holidays, it suddenly spirals out of control. We’ve all been there: we want to give our families and friends a great Christmas season, so we let our spending get a little out of hand. And since most of us don’t have tons of spare cash lying around, all of that money goes on our credit cards.

But that spending catches up fast, and come January, you find yourself facing a pile of credit card debt. If that describes you, don’t panic: just follow these simple steps.

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How To Maintain a Below Average Credit Card Debt

Are you familiar with the average credit card debt? Make it your goal to stay beneath that benchmark!

Are you familiar with the average credit card debt in the United States? Depending on who you ask, the figures are staggering: some studies suggest a figure of up to $9,000 per person. It’s hard to arrive at a single accurate answer to this question — but actually, it doesn’t really matter that much. What does matter is that any significant credit card debt is too much to carry.

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Consumer Smarts and the Average Credit Card Debt

How you compare to the average credit card debt — and how you can keep from sinking any deeper.

If you wonder about average credit card debt, some of the statistics might shock you. The average credit card debt in America is both larger and lesser than it seems. The simple fact is, though, that with the economic downturn the financial stress on most families has seriously increased. Consider that:

— The average credit card purchase ends up costing 12% more than it would if you’d bought it outright

— 40% of American families spend more than they earn

— If you only made the minimum payments, then a $1,000 charge on an average credit card would take approximately twenty years to pay off and cost you well over $2,000 in interest.

— The average interest paid — just on credit card debt — by Americans is $1,200 annually.

— When people pay with credit cards in restaurants, they’re proven to spend more than when they pay in cash or with debit cards.

These are just a few facts illuminating the danger of the average credit card debt. Credit cards are important parts of life, and we need them to establish our credit ratings. However, they can also become incredibly dangerous.

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Consumer Smarts and the Average Credit Card Debt

How you compare to the average credit card debt — and how you can keep from sinking any deeper

If you wonder about average credit card debt, some of the statistics might shock you. The average credit card debt in America is both larger and lesser than it seems. The simple fact is, though, that with the economic downturn the financial stress on most families has seriously increased.

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Eliminate Credit Card Debt in the New Year

Swimming in debt? Use these tips to eliminate credit card debt this year

We all want to eliminate credit card debt, and chances are you can do it more quickly than you think. Now, I’m talking here about a reasonable amount of debt. Naturally, if you’re forty thousand dollars in debt, it’s going to take more than a few months to get rid of it. But even so, the tips in this article will get you well on your way to debt elimination.

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How to Manage Your Credit Card in a Bad Economy

Worried about the economy? Taking care of your credit card can reduce some of the weight on your shoulders

With the economy in its current state, you may be thinking about your credit card — what you can do to protect yourself, reduce your debt, and make sure your credit score doesn’t suffer as a result of an economic slump. The following tips help you weather the downturn until its inevitable upswing — and maybe even come out in better shape than you went in.

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Credit Card Debt: The Root of All Evils?

Is credit card debt destroying America?

With the growing economic crisis, credit card debt has become a massive burden for many people. Perhaps it’s not surprising that there’s a growing movement of people who think the answer is to eliminate credit card use altogether. But while these people advance seemingly logical arguments, it still comes down to one thing: responsible credit card use is better than avoidance.

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Keep Credit Card Debt Under Control This Holiday Season

‘Tis the season… of overspending, high stress, and massive credit card debt

With the holidays coming, many people simply accept that their credit card debt will see a massive surge before the 25th of December. But while it may be true that you spend a little bit more during the holidays, keep from losing yourself in the January terrors of your credit card bill!

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What is Average Credit Card Debt?

Ever wondered where you fall in the spectrum? Check out the average credit card debt in the USA

When it comes to average credit card debt, average will always be a relative term. By its very nature, you find an average by adding up a bunch of different amounts and dividing them by the total number. In other words, if you took three people — one with a debt of $8,595, one with a debt of $50, and one with a debt of $200 — the “average” debt between them would be about $2,950 — a very misleading figure.

Having said that, however, the more people involved in the study, the closer to the actual average your answer will be. So although you should take “average” numbers with a grain of salt, they can be very informative about the amount of debt people actually carry.

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Surprising Areas Affected by Credit Card Debt

Accumulating credit card debt? You could be heading for problems

Many people dismiss their credit card debt, but carrying more than they should leads to significant problems in the future. Let debt get out of hand, and watch credit scores plummet.

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