How to Manage , Mounting Nationwide , Credit Card Debt .<br />According to TransUnion data, the average <br />credit card debt per borrower in the United States <br />has increased 8.5% year-over-year, reaching $6,218. .<br />The added pressure on consumers has made <br />it even more difficult to pay down their debts. .<br />Yahoo Finance recently sought expert advice <br />for insights into how Americans can manage <br />amid the current levels of credit card debt.<br />Discover Personal Loans Vice <br />President Dan Nickele highlights the debt <br />management benefits of personal loans.<br />One of the great things <br />about a personal loan is <br />that you can check your <br />rate without impacting your <br />credit report, so you can <br />explore your options. , Dan Nickele, Discover Personal Loans <br />Vice President, via Yahoo Finance.<br />And I think options are a consumer's <br />best friend, especially somebody <br />who's trying to manage their debt. , Dan Nickele, Discover Personal Loans <br />Vice President, via Yahoo Finance.<br />So I would encourage somebody <br />who thinks they might have a savings <br />opportunity to go out and figure out <br />what rates they can actually earn, <br />explore their options for <br />payments and rates, Dan Nickele, Discover Personal Loans Vice President, via Yahoo Finance.<br />Yahoo Finance points out that while the pace <br />of inflation showing signs of moderating, consumers <br />are still facing increased pressure on their budgets.<br />At the same time, Bank of America's annual Homebuyer <br />Insights Report found that 72% of potential homebuyers <br />are concerned about ongoing rent increases. .<br />A National Institute on Retirement Security <br />also found that 79% of Americans expressed<br />pessimism amid a retirement savings crisis
