BALTIMORE — Nearly 25 percent of Americans are struggling to manage their debt, according to a recent Experian survey, while consumer debt continues to climb to record highs.
For Alyssa Lafferty, it was a cycle she couldn’t break — paying minimum payments on her credit cards without making a dent in the balance. Now she’s enrolled in a program that costs less than her monthly minimum payments, and more of her money is going toward the principal.
“I got into credit cards when I was younger, because I moved out at 18. So you know, it was just something that people really don’t tell you about, and then I got myself in a lot of trouble with that,” Lafferty said.
Her debt ballooned to over $25,000 to the point where she could only pay the…
