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While many people have at least some creditcarddebt, once it gets too high, it can be overwhelming and anxiety-inducing. Recent creditcarddebt statistics show the average American household has over $9,000 in creditcarddebt.
Although accruing lots of debt isn’t ideal, it may sometimes be unavoidable, such as mortgage payments or student loans. In these situations, debt is considered positive mainly because your financial objective has value and long-term benefits. Debt Consolidation. Debt consolidation loans. Credit Counseling.
Over 50% of borrowers added debt on regular creditcards during the student loan payment pause and another 31% racked up balances on retail cards, a recent TransUnion analysis found. Many will have to work to get out of creditcarddebt at the same time. From October 2023 through Sept.
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