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OMG I need that rubber ducky! I don't have any money, but I do have my shiny new credit card!
No! Before you go spending money you don't have, you should know the risks of credit card debt!
The average american holds around five thousand dollars of credit card debt. If paying the minimum payment then it could take ten years to pay off that loan and cost around 20k
WOW! I never knew that. I will have to rethink when i use my credit card from now on!
You're ahead of the game! Most Americans are under informed about their credit card debt and with just a little knowledge, you can avoid thousands of dollars of debt.
Credit Card debt costs the american society billions of dollars and in some cases even their lives. Know the facts about credit cards and the horrors that come with them before making purchases.
The average household that has a credit card carries around 15k of credit card debt. If paying the minimum payment, it would take over 15 years to pay it off and about 10k extra
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