It is not unusual for individuals across the country, including in Tennessee, to have credit cards. Additionally, many of those individuals also have considerable credit card debt. The amount of debt accrued by consumers can lead to substantial difficulties, and individuals may wish to find ways to handle their debt in an effective manner.
It was recently reported that the amount of credit card debt amassed by U.S. consumers could potentially reach $1 trillion by the end of the year. This amount would be the highest such debt has ever been. As a result, it stands to reason that many individuals may be struggling to pay off their outstanding balances. Indeed, it was also reported that the average household has approximately $9,600 in credit card debt.