How to Manage Mounting Nationwide Credit Card Debt

How to Manage , Mounting Nationwide , Credit Card Debt .
According to TransUnion data, the average
credit card debt per borrower in the United States
has increased 8.5% year-over-year, reaching $6,218. .
The added pressure on consumers has made
it even more difficult to pay down their debts. .
Yahoo Finance recently sought expert advice
for insights into how Americans can manage
amid the current levels of credit card debt.
Discover Personal Loans Vice
President Dan Nickele highlights the debt
management benefits of personal loans.
One of the great things
about a personal loan is
that you can check your
rate without impacting your
credit report, so you can
explore your options. , Dan Nickele, Discover Personal Loans
Vice President, via Yahoo Finance.
And I think options are a consumer's
best friend, especially somebody
who's trying to manage their debt. , Dan Nickele, Discover Personal Loans
Vice President, via Yahoo Finance.
So I would encourage somebody
who thinks they might have a savings
opportunity to go out and figure out
what rates they can actually earn,
explore their options for
payments and rates, Dan Nickele, Discover Personal Loans Vice President, via Yahoo Finance.
Yahoo Finance points out that while the pace
of inflation showing signs of moderating, consumers
are still facing increased pressure on their budgets.
At the same time, Bank of America's annual Homebuyer
Insights Report found that 72% of potential homebuyers
are concerned about ongoing rent increases. .
A National Institute on Retirement Security
also found that 79% of Americans expressed
pessimism amid a retirement savings crisis