By Tasnuva Bindi · 24 April 2013 · Advice
Credit card debt has become a persistent problem in Australia, with many households struggling to pay off their balances. The consequences of this debt could be felt for decades to come, with some facing a 24-year repayment journey.
While credit card use has slowed down, many Aussie credit card holders are holding onto their debt. RateCity predicts it could take over 24 years to pay off current debts.
Tags: credit card, Debt, Michelle Hutchison, RateCity, repayment