Description
Justin, Scott & Spiegel quickly discover that credit card debt is a whole lot more common—and a whole lot easier to accumulate—than most people want to admit.
The guys discuss the average amount of credit card debt people carry and share their own experiences with balances, everyday expenses, travel, unexpected bills, and the dangerous convenience of having a credit card stored right on your phone.
Listeners then start calling in with their own numbers, including people carrying $2,500, $4,000, $13,000 and more in credit card debt. One caller explains how college expenses eventually landed him with thousands of dollars in debt, while another describes trying to pay down a combined household balance. rethdyngjh
The guys also discuss balance transfers, promotional interest rates and credit card consolidation, questioning how those offers work and whether moving debt from one card to another really solves the underlying problem—or simply gives you more room to rack up another balance.