Credit card debt on the rise - WVVA TV Bluefield Beckley WV News, Weather and Sports

Credit card debt on the rise

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NBC News (WVVA)--Americans are racking up credit card debt.   Americans are on pace to add nearly 47 billion dollars in new debt this year.

That comes from www.cardhub.com, which reports that increase would bring the total amount of plastic debt incurred from the start of 2011 through the end of this year to nearly 130 billion dollars.  The average household carries nearly seven-thousand dollars in credit card debt.

"Card Hub" debt management tips include paying off the card with the highest interest rate first, while making minimum payments on the others.  Then going down the line as they're paid off.

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