Get Financially Fit! | Credit Card Debt

Posted: January 25, 2016

According to Creditcards.com, about 40 percent of Americans carry credit card debt from month to month without paying it off. The website also says the average interest rate on those credit cards is more than 13 percent. GreenPath University has put together tips to get out of credit card debt.
1. Stop using your credit cards until you pay them off.

Interest rates of 15, 20, or even 25 percent or more can cause credit card balances to grow rapidly. People often find themselves on a debt treadmill, struggling to make the minimum payments and watching their principal balances grow.
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