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13 Payment Cards Per Household
The average American household has 13 payment cards, including credit cards, debt cards and store cards. There are 1.3 billion payment cards in circulation in the United States. |
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Over $1 Trillion
Americans made $1.1 Trillion worth of credit card purchases in 1999. |
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$5.800 National Average
Americans carry, on average, $5,800 in credit card debt from month to month. If one were to make only the minimum payment on that debt every month, it would take 30 years to pay off - and include an additional $15,000 in interest. |
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302,829 Filings for Bankruptcy
According to the American Bankruptcy Institute, 302,829 people file for bankruptcy in the first quarter of 2000.
On average the typical credit card purchase is 112% higher than if using cash. |
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Spending More Then Earned
Over 40% of US families spend more than they earn. (Federal Reserve). |
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LiberatingYourDebt.com is dedicated to making a difference in the lives of countless Americans like you who have been caught by the bait and switch tactics of today's credit industry. We have been recognized time and time again for our efforts to find relief for normal families in the unfortunate down to the wire financial struggles they are experiencing.
 Although it is becoming more apparent how dangerous credit card debt is, not all Americans are properly educated on how to confront and eradicate this issue. On top of that, hardships will happen to the best of us. Medical bills, loss of employment, family emergencies, and even legal woes can send a budget spiraling into the red. The warning signs are clear. Lack of progress, rising rates, inflation, and rising bills are all enough to make one's heart skip a beat. The budget slowly turns upside-down, the bottom falls out. Recognize it. Fix it. We are here to help. |
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