91 million Americans fear maxing out a credit card
U.S. households with revolving credit card debt owe nearly $7,000, on average, costing them roughly $1,100 a year in interest payments, according toAt the same time, about 35% of cardholders are starting 2020 with more credit card debt than they had in the beginning of 2019, according to a separateAnd fewer cardholders said they paid their monthly balance in full in each of the past six months than compared to one year ago, CompareCards found.
"While that confidence is great, it's almost certainly not going to be the case," said Matt Schulz, chief industry analyst at CompareCards.
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