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Notably, 48% of total credit card balances are accumulating interest, indicating that many cardholders are not paying off their balances in full each month. Additionally, nearly one in three Australians (27%) report an inability to manage their finances without a credit card, highlighting a dependency that could lead to long-term debt issues.
To address and manage credit card debt effectively, consider the following approaches:
Implementing these strategies can assist individuals in regaining control over their finances and reducing the burden of credit card debt.
Published:Friday, 3rd Apr 2026
Author: Paige Estritori
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