Americans paid off a record $83 billion in credit card debt in 2020

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In many ways, the coronavirus crisis has paved the way to better budgeting. Consumers are paying down debt and saving more than they have in decades. Many are leveraging low-interest rates to refinance and lower their monthly bills.

Original Article Source Credits: CNBC, https://www.cnbc.com/

Article Written By  Jessica Dickler

Original Article Posted on : March 8, 2021

Link to Original Article: https://www.cnbc.com/2021/03/08/americans-paid-off-a-record-83-billion-in-credit-card-debt-in-2020.html

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