Whether you owe a lot or a little, paying off your credit card debt is always a good idea. Before and after you make a big purchase, whether you’re using it to pay for bills and groceries, or even if you only use it for the points. Make sure that slate is clean as often as you can. And if you can’t do that, you may consider using your credit less, if you can.
Roughly 60% of Americans are living paycheck to paycheck, according to a Pymnts.com report. And as inflation continues on, credit card customers continue to struggle to make their minimum payments, leading to damaged credit scores and the increased interest that consumers will need to pay.
The average credit card balance for Americans is $5,910, according to CNET sister…
