Reality Check: Half Of Households Have No Credit Card Debt
If youve ever heard that the average household carries $9,000 of credit card debt and thought that you were ok with your balance, think again. In reality, half of American households have no credit card debt at all and nearly a quarter more have less than $2,200 in credit card debt.
There are both times to have and places to carry debt, even large amounts of it. But at no time should the place to carry that debt be a credit card. For many, credit cards are a strategic financial tool used for interest free loans, travel rewards and even cash back. For others, credit cards are an extension of income and that is when things can go very wrong.
There was an article published recently at CreditCards.com with the results of a study fielded by GfK Roper Public Affairs and Media and sponsored by CreditCards.com that was touted as a benchmark report [that] delves into every aspect of credit cards role in peoples lives: how Americans use, manage, understand, select, and feel about credit cards.
One paragraph in Taking Charge: Americas Relationship with Credit Cards reads: By some estimates, the average...
To view and download this full PLR article, you must be logged in. Registration is completely free. Once you create your account, you will be able to browse, search & downlod from our PLR articles database of over "1,57,897+" on 1,000's of niches and 200+ categories without paying a penny. Click here to signup...
