People also ask
What is the meaning of credit debt?
How much credit debt is normal?
How do I clear my credit debt?
How bad is credit card debt?
Credit card debt is a type of unsecured liability that is incurred through revolving credit card loans. It greatly affects your credit score.
Overall, the national average card debt among cardholders with unpaid balances in the fourth quarter of 2023 was $6,864, down from $6,993 in the third quarter.
Approximately 30% of the score is based on outstanding debt. A good guide is to keep your credit card balances at 25% or less of their credit limits.
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