Average credit card debt by Region. Average credit card debt varied widely by state or region. The typical household in Alaska carries the most credit card debt – an average of $13,048 – this is 13% more than Wyoming, which is the next state carrying the highest average credit card debt.

Check the interest rate section of your statements to see which credit card charges the highest interest rate, and concentrate on paying that debt off first. Pay off the card with the smallest balance first, then take the money you were paying for that debt and use it to pay down the next smallest balance.

Average Credit Card Debt by Region. Average credit card debt varied widely by state or region. The typical household in Alaska carries the most credit card debt – an average of $13,048 – this is 13% more than Wyoming, which is the next state carrying the highest average credit card debt.

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If your credit isn’t as good, you may not inherit the same low interest rate or high credit limit; if you don’t want the account, close it. Laura’s story After Laura’s mother-in-law died, the family discovered she had no credit card debt but quite a few credit accounts.

To do this, many or all of the products. Donovan was carrying about $118,000 in debt when he realized he needed some personal finance know-how. He had student loans, some credit card debt and a car.

Learn about how to pay off credit card debt fast with these 4 tips from Better Money Habits.. Do you carry a balance on more than one card?. which credit card charges the highest interest rate, and concentrate on paying that debt off first .

The idea here is to transfer all your monthly debt to a low- or no-interest balance transfer credit card. Be on the lookout for high balance transfer fees, but if you do the job right, you can score a.

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Credit card debt is intrinsically tied to financial health. It can snowball quickly and is often incredibly hard to get rid of. “The challenge with credit card debt is the high interest rates,” said Howard Pressman, certified financial planner and partner at Egan, Berger and Weiner.