At this point, you may realize how burdensome credit card debt can affect your finances. According to a 2007 survey conducted by Cardweb.com, the average credit card debt load is nearly $9,900. Based on an online poll of slightly more than 55,000 consumers, 61% said they carry over debt each month on their credit cards and an astonishing 13% of the same group said they carry total credit card balances in excess of $25,000.
Filed under: debt, debt management | Tagged: c.a.r.d act, credit card debt, credit card disclosures, debt management, sub prime cards | Leave a Comment »
