Feeling guilty about swiping your credit card? Youre not alone: Almost 40% of Americans carried a balance on active credit cards in the last quarter of 2020, according to the American Bankers Association.
Americans had over $761 billion in credit card debt in early July, and even that number is down from pre-pandemic high of almost $860 billion, per the St. Louis Fed.
Everything you do financially is fixable, said Shannon McLay, founder and CEO of the Financial Gym. Whatever you’re scared about, whatever the numbers are, whatever is out there, it’s all fixable. It’s just a matter of how much fixing you have to do.
Debt can be financially and emotionally difficult to handle. Heres how to start digging yourself out.
1. Know exactly …
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