August 14, 2013

Are You Above Average?

What is the average credit card debt in America?  Around $1000 or $8000.  Well that depends on who’s doing the calculations.  A recent article in Fox Business News examines the average credit card debt in this country.


Credit reporting agency Transunion says the average credit card debt in its reports is $4,878.  Experian, another credit reporting agency found the average credit card debt to be higher, at $8,220.

Given this range of numbers, the real question is: Do you have above average credit card debt?  It’s safe to say credit card debt of $10,000 or above is mostly likely above average.  This would be the time to consider breaking the cycle of credit card debt.  Contact a qualified debt settlement attorney and learn more about engaging a law firm to handle your credit card debt.