(InvestigateTV) — U.S. households with revolving credit card debt owe an average of just over $10,000, according to a new NerdWallet study.
With credit card interest rates still above 24%, according to Investopedia, carrying that level of debt can be extremely expensive, warns Sara Rathner, a credit card expert at NerdWallet.
She said this is a great time to get organized and find ways to lower interest rates.
“So, when it comes to paying your debt off, you can try debt repayment methods that can help keep you organized and motivated,” Rathner said. “Debt avalanche is one, for example, where you list all of your debts in order from highest interest rate to lowest interest rate. You make minimum payments on everything, but then…
