Struggling with credit card debt can feel overwhelming. High interest rates and compounding balances make it difficult to pay down the principal and get out from under the debt.
If you’re dealing with credit card debt, there are options to lift this financial burden. There are several credit card debt relief options to help you get back on the road to financial freedom.
Key credit card debt statistics
- Americans hold approximately $1.12 trillion in credit card debt as of Q4 2024.
- The average credit card balance in the U.S. was $6,501 as of the third quarter of 2023, a 10 percent year-over-year increase.
- The national average credit utilization ratio stands…
