$1.3 Trillion Credit Card Debt Crisis

Credit card debt in America just hit $1.3 trillion — and you’re probably contributing to it! That’s over $6,000 per cardholder, with interest rates averaging 20.5%. If you think paying just the minimum is okay, think again! You’re likely throwing away hundreds, if not thousands, in interest every year. Let’s break it down: if you owe $6,580 and only pay the minimum, it could take you over 12 years to clear that debt, and you’ll pay nearly $3,000 in interest! What are you doing with that extra money? Investing? Saving? Or just lining the pockets of credit card companies? Stop the cycle! Pay more than the minimum, and start taking control of your finances today.