Almost all of it is a result of charging purchases to credit cards, and about $69 billion of it is currently past due.
It seems like a no-win situation for consumers carrying a balance, especially if it's too high or a recent job loss has dried up the means to pay it off in a timely manner. But assuming that you have the income sufficient to pay down your credit cards, how should you approach it?
Consumer Reports Money Adviser looked at several strategies:
Paying more than the...
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