Credit card debt is becoming harder to manage as interest rates remain high and balances stretch from month to month.
But financial experts warn there are common mistakes that can make dealing with your debt even more difficult.
Not knowing how much debt you have
One of the biggest problems experts say is surprisingly simple: Many people don’t fully understand how much debt they actually have.
Often, that happens because dealing with the numbers can feel overwhelming, Thomas Nitzsche with the credit counseling nonprofit Money Management International said.
Nitzsche warns ignoring the problem doesn’t make it go away.
Interest compounds, fees add up and accounts can go to collections. Without a clear picture of what’s owed, Nitzsche said…