20 Years To Pay?An average consumer will take over 20 years to pay off their debt. Triple the Amount?Most individuals in debt usually pay back three times the original amount charged. Debt rises 20%...In the past few years, the amount of debt carried on credit cards has risen 20% per year, more than 3 times the rate of inflation. You Are Not Alone...Less than 30% of all credit card holders pay their account balance in full each month. Mortgage, Car Loans...A high outstanding credit card balance could prevent you from qualifying for a home mortgage or car loan.
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