US EditionPaying credit card debt down is getting harder
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Paying credit card debt down is getting harder
Most Americans are well aware of their mortgage rate — especially after the Federal Reserve kept rates unchanged this week, leaving the 30-year fixed rate at 7.19% — but as for their credit cards, not many are aware of what they're paying. Credit cardholders collectively carry more than $1 trillion in credit card debt across approximately 578 million credit card accounts, according to data from the New York Fed. Plus, the share of U.S. househol…
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