 |
|
 |
| |
 •
89 percent of people surveyed said it was easy to get into debt because
of the availability of credit.
Source:National Foundation for Consumer Credit (NFCC)
• An increase in outstanding consumer debt, particularly credit
card debt, has been cited as a significant contributor to the increased
rate of filing (bankruptcy). One financial planner was recently quoted as
saying, "I've never seen anyone come in with a financial problem that wasn't
related to credit cards."
Source:Federal Deposit Insurance Corporation (FDIC)
• In 2001 the national consumer debt is over a record-breaking
1 Trillion Dollars.
• In 1999, credit card debt
was approximately 565 billion dollars.
• Last Year,
Americans paid out approximately 65 billion dollars in INTEREST ALONE, not
principal.
• The average household has $7500.00
in credit card debt.
• In 1990, the typical U.S.
household saved 7.8% of it's income; in 1999 that same family spent 0.1%
more than it earned.
• Consumer Action, a nonprofit
organization that surveys credit card issuers each year, found last year
that 69% of issuers jack up the rate--to as high as 29.99% in some cases--after
just one late payment.
DON'T BE A STATISTIC -
START ON YOUR ROAD TO BECOMING DEBT-FREE
FREE ONLINE CONSULTATION
|
|
|
 |
