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Credit card debt has become a massive issue for Americans over the last few years — and that problem is compounding rapidly, according to recent data. As of the fourth quarter of 2024, cardholders owed a collective $1.21 trillion on their credit cards — signaling a new record high and an increase of $45 billion from the prior quarter. Serious credit card delinquencies have been climbing, too, indicating that more and more Americans are struggling to keep up with their debt…
