Consumers are largely unaware of their credit card debt and its impact, with 21% not knowing if they have debt and 30% unaware of how much credit card interest they pay each month, according to U.S. News & World Report, the global authority in rankings and consumer advice.

In its most recent survey, U.S. News found that of consumers who are in credit card debt, 24% owe more than $10,001. Most consumers carry a balance on one (37%) or two (27%) credit cards, with 12% of respondents carrying debt on five or more cards.

“When I was young, I fell into a sea of credit card debt because I was uneducated about personal finance and unaware of the high interest rates associated with credit cards,” said Beverly Harzog, best-selling author, credit card expert and consumer finance analyst at U.S. News. “Luckily, there are tricks like balance transfers that allow consumers to pay off their debt while paying zero interest for a year or more. If you qualify, a balance transfer credit card can save you money and help you get back on track financially.”

Additional findings from the U.S. News & World Report survey...

READ THE REST OF THE REST OF THE STORY....

www.thedailyblaze.com/americans-unaware-of-their-credit-card-debt/

Learn more about the Price of Business Digital Network:priceofbusiness.com/

Have unique content that you want shared on unique platforms and a plethora of websites? Email articles@usabusinessradio.net for more information.