|
|
Credit Card Debt Statistics
Credit Card Debt is breaking historical records in America.
-
Americans owe $915 billion in credit card debt which is nearly the same amount of the estimated subprime debt load that the international banks are carrying.
-
Over a million individuals filed for bankruptcy last year.
-
Nearly half of American citizens have less than $10,000 saved for their retirement
-
Seventy-two percent (72%) of the U.S. economy rides on consumption alone.
-
As home prices keep falling, U.S. homeowners have a more difficult time getting cash by refinancing their high-rate mortgages. The increasingly high cost of gas, often purchased with credit cards, isn't helping either.
-
In October 2007, credit card
debt that was at least 30 days
late totaled $17.6
billion, up 26% from
October 2006. Some credit card companies, such as Advanta, GE Money Bank and HSBC, have reported a 50% increase in accounts that are at
least 90 days late compared to the same time last year.
These are all staggering statistics and we are devoted to providing you with solutions to your own credit card debt and other unsecured debt.
Watch this Free Video Regarding The Secrets of the Credit Card Industry and start Fighting Back.
Debt Settlement
Debt Settlement is a process in which our company has assisted individuals and small business owners in obtaining
millions of dollars of debt relief by negotiating mutually
acceptable settlements for less than full balance with creditors, collection
agencies and attorneys. Our Certified Debt Settlement Mediators are specialists and have established excellent rapport with the largest credit card companies in the nation. We focus on educating the consumer and providing solutions to their worries and stress. We offer CONFIDENTIAL free debt counseling to anyone in need of debt settlement services.
To get a better understanding of all the options available for reducing and eliminating your debt, click here Debt Education
|
|
|
|
Your information is protected. We respect your privacy and do not share any of your information with third parties. Privacy Policy
|
|
