SAN MATEO, Calif., Nov. 13, 2017 /PRNewswire/ — As revolving debt such as credit cards continues to increase, Andrew Housser, co-founder and CEO of Freedom Debt Relief (FDR), offers four signs to spot debt that’s becoming unmanageable.
U.S. consumers owe $3.79 trillion in consumer debt. The average household with credit card debt owes nearly $17,000 on cards.
“The large amount of debt these households are carrying is a caution,” says Housser. “Owing that amount, with average interest rates on credit cards more than 16.7 percent, is unsustainable, especially when median household income is just $57,617.”
Most people don’t realize they’re over their heads until it is too late, Housser says. Trouble signs include being una…
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