Thirty-eight percent of US households carry credit card debt, from month to month, according to 2015 statistics from the Federal Reserve. For those households in debt, the average is $9600. Most indebted Americans don’t even know how much debt they owe. There are many ways to achieve credit card debt relief.
Managing credit card debt can be difficult and complicated. Before coming up with a debt relief strategy that works for you, you should learn exactly how your credit card’s interest rate and fee structure works.
While debit and credit cards look identical today, they are not. There are differences in terms of purchase protections, overdrafts, fees and rewards program. Take a look at the pros and cons of each and see which is better for you.