Even as consumers have reduced their credit-card spending in recent months, many struggle under mountains of debt. In 2008, Americans household that had credit cards owed an average of $10,691 on them, according to CardWeb.com. More than half carried balances of $7,000 or more. If you feel trapped under your credit-card debt, check out our latest infographic. We walk you through three possible solutions: credit counseling, debt settlement or consolidation and, as a last resort, bankruptcy. Which option may work for you will depend on your individual circumstances and, chances are, you will need to do a lot of research before making a choice. Ultimately, however, the real key to getting out of debt is universal: make sure you never use your credit cards to purchase things you cannot afford.
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