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What is the average American household credit debt statistics in 2013?
Wiki User
∙ 10y ago
The average American started off 2013 with about $15,000 in credit card debt personally. This leads to well over $30,000 in credit card debt per household.
Wiki User
∙ 10y ago
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How many credit cards does the average household have?
I would say the average household has 4 credit cards? One for the mom, one for the dad, and a business credit card for each.That is wrong the average household has eight credit cards, and owes more than 8,000 on them. About 50 percent report having problems making the minimum payments on their bill.
What is the average consumer credit card debt?
The average consumer credit card debt is $15216 in the US. The average household owes $7,098 from on their cards. In total the US is owed $11.19 trillion in debt.
Can you get a loan with 683 credit score?
Of course. That's about the average American credit score.
What is the average credit card debt in America?
Average credit card debt per household with credit card debt: $15,788*609.8 million credit cards held by U.S. consumers. (Source: "The Survey of Consumer Payment Choice," Federal Reserve Bank of Boston, January 2010) IT--
What are the average interest rates on a American express credit card?
The average interest rate for American Express credit cards is 14.83%. Interest rates can vary from person to person based on their credit rating. Sometimes American Express even runs promotions where they have zero interest for a full year!
How many credit cards does the average household have?
I would say the average household has 4 credit cards? One for the mom, one for the dad, and a business credit card for each.That is wrong the average household has eight credit cards, and owes more than 8,000 on them. About 50 percent report having problems making the minimum payments on their bill.
How many credit cards should the average household have?
one - three. if you have more your crazy
What is the average consumer credit card debt?
The average consumer credit card debt is $15216 in the US. The average household owes $7,098 from on their cards. In total the US is owed $11.19 trillion in debt.
What is the average household debt level in US?
According to this page average credit card debt is more than $4,000 per person and almost $8,000 per household. http://www.indexcreditcards.com/creditcarddebt/
Can you get a loan with 683 credit score?
Of course. That's about the average American credit score.
What has the author B E Van der Walt written?
B. E. Van der Walt has written: 'The compilation and importance of household debt in South Africa' -- subject(s): Statistics, Consumer credit, Household surveys
What are the average statistics of credit cards?
According to the CreditCards website, as of 2008 there were 176 million credit card holders. The majority of credit card holders have 3 or more credit cards, and over 40% of students have a credit card.
What is Household Bank?
Household bank is a lending company. They issue credit cards and prepaid debit cards for people with bad credit or no credit.
What is the average credit card debt in America?
Average credit card debt per household with credit card debt: $15,788*609.8 million credit cards held by U.S. consumers. (Source: "The Survey of Consumer Payment Choice," Federal Reserve Bank of Boston, January 2010) IT--
What are the average interest rates on a American express credit card?
The average interest rate for American Express credit cards is 14.83%. Interest rates can vary from person to person based on their credit rating. Sometimes American Express even runs promotions where they have zero interest for a full year!
For a person of average credit would American Express have a lower interest rate than other credit cards?
Yes, they will have a lower interest rate for someone of average credit. Most cards have around 2.5% interest while American Express has 1.9%.
What was the average credit card debt per household in 2010?
The record high 'per-household' credit debt in America was in June of 2008, when it reached $18,596. After that it dipped until 2010, when it started holding constant. In June of 2010, it had subsided to around $15,700 per household, and then down to $15,069 in December 2010. Since then, it has not fluctuated much. Current figures put 'per-household' debt at $15,166, but of course, this number changes daily. Unfortunately, it is the lowest income households that have the most credit card debt, and this trend seems to be gaining momentum constantly. It will only be when the American public decides, as a whole, that credit cards are not the solution, and chooses to explore other means of paying for their daily necessities.
