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Find excessive credit card debt

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Reference no: EM133111046

According to Experian.com, the following table lists the average credit card debt by age. Borrowing money with a credit card is an expensive way of borrowing funds. Moreover, many people feel burdened financially because of excessive credit card debt. 

Age

Credit Card Debt

20

$2,310

21

$1,881

22

$1,939

23

$2,180

24

$2,418

25

$2,675

26

$2,947

27

$3,242

28

$3,573

29

$3,927

It is important to think about how you will use a credit card. When will you use a credit card? How will you guard against running a balance month after month on your credit card?

Reference no: EM133111046

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