0
The record high 'per-household' credit debt in America was in June of 2008, when it reached $18,596. After that it dipped until 2010, when it started holding constant. In June of 2010, it had subsided to around $15,700 per household, and then down to $15,069 in December 2010.
Since then, it has not fluctuated much. Current figures put 'per-household' debt at $15,166, but of course, this number changes daily.
Unfortunately, it is the lowest income households that have the most credit card debt, and this trend seems to be gaining momentum constantly. It will only be when the American public decides, as a whole, that credit cards are not the solution, and chooses to explore other means of paying for their daily necessities.
What else can I help you with?
What is the average credit card debt in America?
Average credit card debt per household with credit card debt: $15,788*609.8 million credit cards held by U.S. consumers. (Source: "The Survey of Consumer Payment Choice," Federal Reserve Bank of Boston, January 2010) IT--
What is the average American household credit debt statistics in 2013?
The average American started off 2013 with about $15,000 in credit card debt personally. This leads to well over $30,000 in credit card debt per household.
What is the average consumer credit card debt?
The average consumer credit card debt is $15216 in the US. The average household owes $7,098 from on their cards. In total the US is owed $11.19 trillion in debt.
How many credit cards does the average household have?
I would say the average household has 4 credit cards? One for the mom, one for the dad, and a business credit card for each.That is wrong the average household has eight credit cards, and owes more than 8,000 on them. About 50 percent report having problems making the minimum payments on their bill.
What is total credit card debt?
Total credit card debt currently amounts to about 962 billion dollars. The average credit card debt per owning household is 14,750 dollars. Approximately 609.8 million credit cards are currently in USA, with credit card users having an average of 3.5 cards each. Young people have credit card balance well below the average. While 25 to 34 years old manage to cut their credit card debt, they still average over $5,000 in credit card debt.
What is the average credit card debt in America?
Average credit card debt per household with credit card debt: $15,788*609.8 million credit cards held by U.S. consumers. (Source: "The Survey of Consumer Payment Choice," Federal Reserve Bank of Boston, January 2010) IT--
What is the average American household credit debt statistics in 2013?
The average American started off 2013 with about $15,000 in credit card debt personally. This leads to well over $30,000 in credit card debt per household.
What is the average consumer credit card debt?
The average consumer credit card debt is $15216 in the US. The average household owes $7,098 from on their cards. In total the US is owed $11.19 trillion in debt.
How many credit cards does the average household have?
I would say the average household has 4 credit cards? One for the mom, one for the dad, and a business credit card for each.That is wrong the average household has eight credit cards, and owes more than 8,000 on them. About 50 percent report having problems making the minimum payments on their bill.
What is total credit card debt?
Total credit card debt currently amounts to about 962 billion dollars. The average credit card debt per owning household is 14,750 dollars. Approximately 609.8 million credit cards are currently in USA, with credit card users having an average of 3.5 cards each. Young people have credit card balance well below the average. While 25 to 34 years old manage to cut their credit card debt, they still average over $5,000 in credit card debt.
Can you include your household income on a credit card application?
Yes, you can include your household income on a credit card application as long as you have access to that income to repay any charges made on the card.
What is the average household debt level in US?
According to this page average credit card debt is more than $4,000 per person and almost $8,000 per household. http://www.indexcreditcards.com/creditcarddebt/
Is a Rooms to Go Household Bank card a credit card or written contract?
Rooms to go Credit cards were once serviced by household bank. The cards are now serviced by Citi. If you previouly opened a line of credit when household bank serviced the cards a balance could potentially still be owed to Household bank.
What is the minimum income requirement for a household or individual to qualify for a credit card application?
The minimum income requirement for a household or individual to qualify for a credit card application varies depending on the card issuer, but generally ranges from 15,000 to 20,000 per year.
What is the average interest rate on the Goodyear credit card?
The average interest rate on a Goodyear credit card is around 10-15%, depending on your credit score and time of application. You can apply for a Goodyear credit card at a Goodyear dealership.
Where can one go to obtain a household credit card?
Household Bank Credit Card is a company which provides card services for payments of this nature. A number of online bill pay services with similar names can also provide similar ability but users may well wish to consult with consumer review sites to evaluate the differing terms of service.
What is the average rate on sears credit card?
Credit card interest rates vary with individuals' credit scores and worthiness. Sears offers three different credit card options with a stated average interest rate of 25 percent
