As the holiday shopping season kicks into high gear, a recent NerdWallet survey shows more than a quarter of Americans are still paying off presents they bought last year.
It comes as credit card debt levels have reached record highs, according to the latest household debt report from the Federal Reserve Bank of New York. Americans now hold a staggering $1.17 trillion in credit card debt.
Holding that debt is now more expensive than ever, too, with average interest rates hovering around 23%.
But if you’re looking for help paying it off, financial experts warn some relief offers could wind up costing you even more if you’re not careful.
Kim Rogers with ClariFi, a Philadelphia nonprofit that provides money management and credit…