Credit card debt has become a way of life for a significant percentage of the American population. As of September 2017, 38% of American households carried some variety of credit card debt, with balance-carrying households averaging a credit card debt level exceeding $16,000.
In fact, total revolving debt in the United States now stands at just over one billion dollars! Though initially designed to serve as a convenience to the American consumer, credit cards unfortunately are often misused in a manner that eventually leads many down the road of financial difficulty.
