Each year thousands are consumers are duped by credit card companies to take on more credit in order to keep the consumer in never ending debt. Are you a victim the predatory tactics of the credit card companies?

The inability to pay off more than the minimum credit card payment, could keep you in a debt trap lasting over twenty years.

Calculate your credit card debt pay-off by remaining on the minimum monthly payment plan.

Credit Card Debt Statistics

Studies today show that 35 million Americans pay only the minimum payment on their credit card debt. At this rate, consumers will take over 48 years to finally pay off the debt they owe on their credit cards.

The average interest rate in the USA on major credit cards is currently 13.4%. The average household in the US owns 7 credit cards. On the median, the average debt balance is approximately $9,300.00.

Credit Card Debt Reduction

Getting out of credit card debt is a problem for millions of Americans, however, there are solutions. Start reducing credit card debt through professional debt negotiation and settlement. Especially if you're tapping into your savings or retirement accounts to make minimum payments to pay bills.