Credit Card Debt 101
Credit card debt is rampant in the U.S., affecting over a third of Americans, according to a recent Bankrate survey. But it’s not often that you hear from folks struggling with debt, in part because they’re too embarrassed or ashamed to ask for help. An r/PersonalFinance Redditor recently admitted as much in a popular post, writing that they were hiding their $30,000 in debt from nearly everyone in their life. But thanks to the veil of internet anonymity, they were able to ask Redditors how to pay off their credit card debt. And the nerds of r/PersonalFinance obliged with some pretty helpful advice, the most relevant of which we've compiled below.
Related: Credit Card Debt Has Risen to Record Levels — Here's How to Get Out of It