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The average American household has $15,355 in credit card debt, according to a study done in 2015.

Credit card debt isn’t a big issue for some users (referred to as ‘transactors’) who pay off the balance of their cards before interest can accumulate.

‘Revolvers’, on the other hand, carry balances on their card from month to month and can eventually be overwhelmed by their debt.

Statistics from CreditCards.com show that in 2013, the total amount of revolving credit card debt in the US totaled $847 billion – “equal to the GDP of Belgium and Denmark combined!”

Read full article: http://www.crowdcrux.com/sites-to-refin ... card-debt/

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