What Is Consumer Debt and How Can You Reduce It?

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Debt weighs heavily on the minds and wallets of people across the country. The average American has racked up $104,215 of debt across mortgages, auto loans, student loans and credit cards. Mortgages make up the majority of this debt. HELOCs (home improvement lines of credit) and auto loans take the second and third spots. While credit card debt ranks in fourth place, it still majorly impacts…

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Kristin Kurens (The Penny Hoarder)

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