What is the average amount most people have in credit card debt??

in the US I think it is something like $10-15,000

What is the average amount most people have in credit card debt??

I have about $3,500, unfortunately. However, at my peak it was $12,000. Not so great! I charged almost everything in college because I didn%26#039;t have a lot of income coming in.

What is the average amount most people have in credit card debt??

around 20,000. My cousin has that amount.

What is the average amount most people have in credit card debt??

the commercial says about 2,500, i have none

What is the average amount most people have in credit card debt??

Over the past few years, low minimum payback rates of between 2 and 2.5% have encouraged Americans to spend, spend, spend -- and to rack up an average credit card debt of close to $10,000 per household. For the estimated 40% of cardholders who carry a balance from month to month, the low minimums free up cash. But paying off a big charge little by ever-so-little also means that a $1,000 debt can turn into a 22-year commitment -- and that you%26#039;ll accumulate thousands more in interest in the meantime.

%26quot;People are now in a revolving debt cycle that they%26#039;ll never escape,%26quot; says Adam Brauer, a debtor advocate and in-house counsel for Debt Settlement USA in Scottsdale, Ariz. %26quot;So the government nudged credit card companies into saying, %26#039;This isn%26#039;t working.%26#039;%26quot;