Start Card consolidating credit debt

Card consolidating credit debt

In the Nerd Wallet survey, many Americans who have been in credit card debt said that if they didn’t have credit card debt to pay off, they would save that money for emergencies (57%), save it for a future goal (50%) and/or put the money toward paying down other debt (33%).

Many credit cards providers offer introductory interest-free periods as a way to entice new customers.

Some offer long 0% interest rates, with the longest balance transfer deals lasting over two years.

Since Nerd Wallet’s number focuses on credit card debt only, the $905 billion is a more accurate estimate of how much debt is outstanding.