Graph and download economic data for Consumer Loans: Credit Cards and Other Revolving Plans, All Commercial Banks (CCLACBW027SBOG) from 2000-06-28 to 2025-07-16 about revolving, credit cards, loans, consumer, banks, depository institutions, and USA.
Good luck! Hope it works out for you! My wife and I went a little nuts with credit when we first really moved in together. We didn’t have any furniture and we definitely bought some concert tickets on credit we shouldn’t have. Long story short, with having to put actual small emergencies on credit (sick cat/car trouble) it took us about six years to dig out from under it. Probably four of those years were us paying the interest rate on the first credit card until she got a really good credit score and we started doing the balance transfer every year and a half. Granted, we were “only” in about $9,000 debt total, but the extra money we were able to throw at it from saving money on the interest made it go away so much faster.
Never gonna make that mistake again. Hopefully it never becomes a necessity. We live very frugally most of the time and splurge once or twice a year on a trip or a concert. Other than that, it’s rice and beans and hanging out at home most of the time.
Good luck! Hope it works out for you! My wife and I went a little nuts with credit when we first really moved in together. We didn’t have any furniture and we definitely bought some concert tickets on credit we shouldn’t have. Long story short, with having to put actual small emergencies on credit (sick cat/car trouble) it took us about six years to dig out from under it. Probably four of those years were us paying the interest rate on the first credit card until she got a really good credit score and we started doing the balance transfer every year and a half. Granted, we were “only” in about $9,000 debt total, but the extra money we were able to throw at it from saving money on the interest made it go away so much faster.
Never gonna make that mistake again. Hopefully it never becomes a necessity. We live very frugally most of the time and splurge once or twice a year on a trip or a concert. Other than that, it’s rice and beans and hanging out at home most of the time.