Is 5000 a lot of credit card debt?

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Sadie Spinka asked a question: Is 5000 a lot of credit card debt?
Asked By: Sadie Spinka
Date created: Sun, Apr 4, 2021 10:16 PM
Date updated: Thu, Aug 4, 2022 11:43 PM

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Top best answers to the question «Is 5000 a lot of credit card debt»

Lots of people have credit card debt, and the average balance in the U.S. is $6,194. About 52% of Americans owe $2,500 or less on their credit cards. If you're looking at $5,000 or higher, you should really get motivated to knock out that debt quickly. The sooner you do, the less money you'll lose to interest.

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