Tips for Avoiding Credit Card Debt

Americans' credit card debt totaled $930 billion in the fourth quarter of 2019, a $46 billion increase over the third quarter, according to recent data from the Federal Reserve Bank of New York. At the same time, the proportion of borrowers whose credit card payments were 90 days late or later increased to the highest percentage recorded in almost eight years.

Credit cards come with a certain amount of risk, and growing debt can cause problems ranging from stress and depression to a poor credit score and reduced retirement savings. But when used wisely, credit cards can be a helpful tool fo...