Over the weekend, I wrote an entry about knowing how much debt you have. In that piece, I referenced this story. Some of you have written to me about the other points made in that article and there are a handful of strong points. Here’s another one that really caught my eye:
It is estimated that just 30 percent of card holders in the nation pay off their entire credit card balances each month. With the average household carrying an estimated $7,753 in credit card debt, there are plenty of people who are near to drowning in debt. And plenty of others who are but a step away from disaster.
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