For people in Wisconsin and around the country, understanding credit cards can help avoid financial downfalls. Due to their simplicity, credit cards make it almost too easy to create mountains of debt.
A new study shows some alarming statistics related to consumer credit card debt. Wisconsin residents may be surprised by the numbers, but they can find help in some tips that accompanied the study.
Wisconsin residents might be interested to know that the average consumer in the United States has about $7,000 in credit card debt. Credit card debt in the $10,000- $20,000 range is not uncommon. While it may seem impossible to get out of debt, paying your way out of debt is not as hard as it seems.