Tips on How to Get Out of Credit Card Debt
Advertising Disclosure is an independent, advertising-supported web site. receives compensation from many credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. has not reviewed all available credit card offers in the marketplace.
Credit Card Applications » Research » Infographics » Debt » The Dos and Don’ts of Credit Card Debt

The Dos and Don’ts of Credit Card Debt

Updated: January 16, 2013

Add to Favorites:
The Dos and Don’ts of Credit Card Debt

Unemployment, overspending, and maxed-out credit cards all add up to one thing: a country deep in debt. Do you have several credit cards that you can barely meet minimum payments for each month? You may not even know how much you owe. You are not alone.

Many Americans are struggling to get out of debt, and credit card debt can be the toughest kind to get rid of because the banks only require minimum payments. But those high interest rates mean that you could be drowning in debt forever with your head barely above water as you struggle to stay afloat.

If you feel like you’re the only one struggling with debt, our statistics will tell you otherwise. Who’s carrying a balance on their credit cards, and how big is that balance on average? Which state has the highest credit card debt per capita? Hint: it’s cold up there, and you might be able to see Russia.

Whether you owe a little or a lot, knowing the dos and don’ts of debt management can help you get those balances down to zero and get you safely to shore. Here are some surefire ways to get a handle on your debt.

Infographic - The Dos and Don’ts of Credit Card Debt

To embed the Dos and Don’ts of Credit Card Debt to your site, use the following code:

Add to Favorites:
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.

Related Research:

Credit Cards and Car Rentals – Are You Really Covered?

By Elizabeth Nelson, Posted: August 02, 2012

Lots of people take for granted that the credit card they use to rent a car will give them all the insurance coverage they need, while others shell out for what they assume is better coverage from the rental car company. What’s the real ... Continue reading

Purchase Protection from MasterCard: Benefits You Didn't Even Know You Had

By Michael Germanovsky, Posted: August 19, 2012

Many credit card holders may not realize that when they pay for an item with their card, it may be covered by certain insurance benefits. MasterCard offers a host of such purchase protection perks, which we outline for you here. Next time ... Continue reading

Credit Cards to Save More on Holiday Shopping

By Herbert Moore, Posted: November 22, 2016

Discounts and special offers are available all year round. Werther you are a bargain hunter or an impulse buyer, make sure you check online discounts and special offers. Also, if you are a cardholder, see if your credit card opens the door ... Continue reading