Isn't that interesteing... and doesn't it make all the sense in the world? If you are carrying 10 or more credit cards in your wallet than studies show that you are carry higher that average credit card debt.
Other Findings
- 51% of Americans who have established credit own two credit cards, up from 49% in 2004.
- The average American holds four credit cards, up from 3.2 in 2004.
- The average credit score nationally dropped to 674, from 678 in 2004.
- The average score for those who use at least 50% of their credit rose to 645 from 631 in 2004.
- Fewer Americans -- 14% -- are using 50% or more of their available credit than in 2004, when 16% did. These high users have credit scores about 30 points below the national average.
Click here the whole article
Click here the whole article
The Federal Reserve announced that as of June 2006, Americans were more than $810 billion in a “pandemic of revolving debt”. This does not include mortgage loans, student loans, autos, or recreational vehicles. Credit Card Debt alone leaped to $1.8 trillion in 2005 from 69 billion in 1980. Given the new law, filing for personal bankruptcy is much more extensive, time consuming, stringent---and expensive!
The unregulated large financial institutions want own your sole and are executing more and more ways to keep you spiraling into debt with outrageous late fees, penalties and doubling your minimum payment to name only a few of their tactics. But you can dig yourself out of “Credit Card Hell” with the help and guidance you will find at
Credit Card Rest In Peace. This is one call you will be glad you made and will keep from drowning in the deep of “so-called” financial planners new breed of “Debt Solution Scam Artists” that have sprung into place. WE have a solid track record that has saved over 8,000 American families from paying over $150 million in credit card debt.
See my
Consumers Eliminate Credit Card Debt website link.
"Relieving The Burden of Debt From Americans, One Family At A Time"
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