Credit Where It’s Due: How to Avoid Financial Avalanche by Snowballing Debt

It’s hard to believe that while debt is a primary worry for many people, an astonishing 21% of Americans don’t know whether or not they even have any outstanding balances. Yet that’s exactly what the U.S. News & World Report discovered in May of this year when they surveyed 1,000 consumers about how much money they owed banks, schools, and other institutions.