Credit Card Debt Statistics-Even Bill James Can't Help You.

The startling world of credit card statistics is starting to show numbers that are close to baseball players' salaries. If you take all of the credit card debt in this country, you get over two trillion dollars in consumer debt. This is the type of credit card debt information which is not pretty.

Some credit card debt statistics claim the average credit card debt per person is over $8,000. A whopping $8,000 in debt all tied up on these little plastic cards. Yet, we just keep flashing these things at every restaurant and retail store in the country. "Do you want cash or charge," says the lovely cash attendant behind the counter. "I'll charge it," you say. How easy was that. You do not have any money, but you can still buy those compact disc's that you do not need and the poster of Carmen Electra. Do not forget to throw in a Dr. Pepper at the counter. Spending money is easy. Making money is sort of easy. But paying off your bills is difficult.

The latest credit card debt statistics have become even worse. The average credit card debt is over $8,000. The total finance charges paid in 2001 total $50 billion. A whopping 78% of U.S. households are deemed credit worthy by the lending industry. Roughly 1.3 billion credit card holders declared bankruptcy last year. With the average credit card debt so high, credit card companies are getting rich off of your purchases. These credit card debt statistics are getting to the overwhelming point.

For more information on credit card debt statistics and for tips on how you can eliminate your credit card debt. Fill out a free form located on this site and a certified debt counselor will contact you. All you have to do is ask for help and you can receive the best free debt relief help available online.