You know you have too much credit card debt when the arrival of bills cause a physical reaction: a warming in your face, a quickening of your heart.
How are you going to pay it all off in addition to your student loans, rent and trying to save a little something? What if your credit score tanks?
You're not alone in your indebtedness — or your panic. American households hold an average of around $16,000 in credit card debt according to a survey of data from the Census Bureau and Federal Reserve by NerdWallet.
That includes an average of $1,292 paid toward credit card interest alone this year. The study suggests the interest payments could increase to $1,309 in the wake of the Federal Reserve's vote on an interest rate hike of a quarter of a percentage point.
When will this whack-a-mole game of using all of your income to pay off debts stop?