From Yahoo Finance: 2025-03-20 17:26:00

Credit cards offer benefits like flexible financing and reward programs, but carrying a balance can lead to high interest charges and late fees. Signs of unmanageable debt include high credit utilization and spending a large portion of income on debt. Strategies for paying down debt include budgeting, using personal loans, or balance transfer credit cards. It’s crucial to keep balances manageable in the future by avoiding impulse buys, sticking to a budget, monitoring credit utilization, and setting up automatic payments.



Read more at Yahoo Finance: How much credit card debt is too much?