Americans have a near-record level of credit card debt, with the average credit card balance per borrower over $6,300 at the end of the first quarter of 2025, according to TransUnion. Understanding strategies to pay down debt and raise credit scores can put people on the path to financial independence. CNBC senior personal finance correspondent Sharon Epperson helps separate fact from fiction when it comes to what you need to know to improve your credit and avoid credit card debt.
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Video at Youtube: https://www.youtube.com/watch?v=rv8qf6j7rRM