The average American consumer owes a little more than $5,000 on credit cards. If you’re also deep in debt, here’s what you can do.
According to Experian’s latest State of Credit report, the average U.S. consumer holds about two bank-issued credit cards and carries a total balance of $5,551. That’s a lot of money, especially if you’re paying interest of 15% to 20%.
Here’s a snapshot of Americans’ credit card debt, along with some tips on how to get your own debt under control.