During the holidays, spending on gifts, travel and more can run up your credit card debt. With January right around the corner, those bills are coming due sooner rather than later.
The holidays show how Americans are once again relying more on their credit cards. The average household has $16,061 in credit card debt, just below the high water mark of $16,911 set in 2008, according to personal finance site NerdWallet.
“Debt is a big problem for many Americans, ” NerdWallet’s Sean McQuay told CNBC’s “On The Money” in an interview, obligations he said many try to ignore. “It’s shameful, no one wants to talk about that, no one wants to admit to themselves that they’re in that bucket. ”
So how do you reduce your credit ca…
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