Pembroke Pines Is the Credit Card Debt Capital of Florida

Yes, credit card debt is a problem for everyone.  The combined credit card balances of all account holders in the United States adds up to more than a trillion.  Not all of it is evenly distributed, though.  The most expensive cities tend to have the highest credit card balances.  Credit card debt does not always correspond to abject poverty, though.  If you owe money to a credit card company, it means that a credit card company was willing to lend to you in recent memory.  Credit card debt is plenty stressful, though; compound interest is one of the Devil’s favorite tricks, and if you swipe your card at a restaurant when you can only afford to make minimum payments on your credit card, then a $40 meal could end up costing you hundreds of dollars by the time your credit card is paid off.  A Plantation debt consolidation lawyer can help you find an affordable personal loan, so you can make a dent in your credit card debt.

Your Home Town Has Southern California Levels of Credit Card Debt

According to a recent report on Yahoo Finance, the average household in Pembroke Pines has $17,896 in credit card debt, making Pembroke Pines the tenth most credit card debt-ridden city in the United States.  Besides New York City, Chesapeake, Virginia, and Pearl City, Hawaii, all the other cities in the top ten are in California.  It makes sense that cities with a higher overall cost of living have more credit card debt per capita.

It also makes sense how one can easily rack up credit card debt in Pembroke Pines.  The Pembroke Lakes mall is the obvious place to go to get out of the summer heat when the thought of your utility bills when you run your air conditioning all day fills you with trepidation.  The sticker prices on the clothes at Charlotte Russe seem affordable, but that is before you think about the credit card interest.  You can easily work up an appetite by bowling or walking for exercise while your kids swim at Big Blue Swim School, even if you don’t stop at the CBD store.  It is easy to swipe your credit card until you have bought every arepa, cheesesteak, chicken wing, soft pretzel, and beef patty in the mall.  Meanwhile, Pembroke Pines has no public transportation to speak of, so you drive your old car everywhere, too broke to qualify for a loan for a new one, and spend tons of money repairing it.  Add the gig economy into the mix, and the result is credit card debt.

Putting Your Credit Card Debt in Perspective

Credit card debt is a pain, but it is not the worst problem to have.  If you stop swiping the plastic and pay just a few dollars beyond the minimum payment each month, your credit card debt will slowly but surely go away.  If you can’t afford to do that, a debt consolidation loan can wipe out some or all of your credit card debt and save you money on interest.

Work With a Debt Lawyer About Conquering Your Credit Card Debt

A South Florida debt lawyer can help you consolidate your credit card debt.  Contact Nowack & Olson, PLLC in Plantation, Florida to discuss your case.

Source:

finance.yahoo.com/news/credit-card-debt-soaring-especially-133000769.html