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Credit card debt has become an increasingly pressing issue for millions of Americans. That’s because, unlike other forms of debt, credit card balances can quickly spiral out of control due to the high interest rates these borrowing tools come with — and how little the minimum payments impact the balance.
One sign of how widespread the credit card debt issue has become is the recent uptick in maxed-out card users, with about 20% of cardholders now at their borrowing limits. Credit card…
