Credit card debt in America has reached record levels, causing stress and, for many people, a sense of shame.
The average credit card debt is more than $7,300, with an average interest rate of 21.4%. If you make only the minimum payment, it would take about 10 years to pay it off.
Johnika Nixon tells us she accumulated a mountain of debt after impulse shopping on social media, and buying and furnishing a new, larger home.
“You realize the mortgage, you don’t realize the utilities, and the other things that come with it,” she says.
Nixon says window treatments alone cost her $17,000. She ended up using as many as 9 credit cards, and racking up $100,000 in debt.
She says it became a huge weight on her shoulders, so she finally signed up…