Credit Repair News

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Monthly Archives: June 2015

How Long Will It Take You to Pay Off Credit Card Debt

Are you dealing with high credit card debt? Then you are part of a very large group of Americans. The Federal Reserve reports that as of February 2015, the credit card debt in the United States is more than 3.34 trillion dollars. That means that there is over $10,000 in debt for every person in the United States.

Americans are struggling daily with their credit card debt. It is estimated that each cardholder has approximately $15,000 in credit card debt at an annual percentage rate of 17 percent. 

You can pay of your credit card debt if you focus on strategies that will help you manage and pay off your credit card debt quickly.