To: davikkm
The average credit card debt hovering around $6,000
That could be misleading. A lot of people use credit cards for most transactions in order to get the 1% reward, or for convenience, safety, or online shopping. If the do most of their shopping with plastic, and not pay off the the bill before it is due, $6,000 may not be obscenely high, yet the card gets paid in full every month.
A better question is how much credit card debt is more than a month old and entails an interest charge?
2 posted on
02/01/2024 7:17:09 PM PST by
Dr. Sivana
("If you can’t say something nice . . . say the Rosary." [Red Badger])
To: Dr. Sivana
Yep - I use my credit card for 95% of my purchases and have it set for automatic pay-off each month - and roll the “rebates” into my bill a couple times a year.
12 posted on
02/02/2024 5:47:37 AM PST by
trebb
(So many fools - so little time...)
To: Dr. Sivana
13 posted on
02/02/2024 6:56:37 AM PST by
sauropod
(The obedient always think of themselves as virtuous rather than cowardly.)
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