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Getting Out of Debt: How Americans Are Tackling Credit Problems in 2014

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Getting Out of Debt: How Americans Are Tackling Credit Problems in 2014

The winter shopping season proved that Americans are not afraid to use credit cards; luckily, they’re also not afraid to pay them down. Credit.com recently used SurveyMonkey Audience to learn that not only are people taking responsibility for their credit card debt this year, many believe they can wipe it out altogether. Among the findings are:

  • 68% said it’s “extremely likely” they will start to pay down debt this year. (Tweet this.)
  • 40% said they’ll be able to eliminate their credit card debt this year. (Tweet this.)
  • 92% of those with credit card balances are not considering professional debt help. (Tweet this.)
  • 71% of consumers with very large credit card balances are considering bankruptcy. (Tweet this.)

Check out the Credit.com study here.

CCdebtin2014

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