Nearly half of American households have credit card debt and pay more than 20% in interest on their revolving balances. Even when the Federal Reserve cuts rates, those high APRs don't fall much.

According to a recent Bankrate survey, 46% of respondents said they carry a credit card balance from month to month. NPR's Life Kit debunks some common myths and gives advice about credit card debt.

Credit card debt is often the most costly type of debt Americans can take on, largely due to the incredibly high interest rates many cards carry. On top of credit card debt being at a record high, the ...

Debt management programs can lead to lower rates on credit cards, waive late fees, and bring delinquent accounts current to stop collection activity, according to GreenPath Financial Wellness. Buzz ...