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Credit Card Statistics

Credit Card Statistics. Farm Business Management Mr. Gardner Junction City High School http://www.consumercredit.com/cardstats.htm. Average American Household. Has at least one credit card. With Over $8,000 in credit card debt. 81% of Households have at least one.

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Credit Card Statistics

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  1. Credit Card Statistics • Farm Business Management • Mr. Gardner • Junction City High School • http://www.consumercredit.com/cardstats.htm

  2. Average American Household • Has at least one credit card. • With Over $8,000 in credit card debt. • 81% of Households have at least one. • 78 % U.S. households deemed "credit worthy" by the lending industry.

  3. Average Purchase • Average Purchase with Credit Card: $82.00. • It is on the Rise. • Average VISA Debit Card (FAKE CC) Purchase: $38.00 • It is on the Decline. Slight.

  4. Average Credit Balance • In 2002: $8,387 • This is the Average that means some more and some less. • Average Interest Rate 18.9%. • 4th 1/4 Outstandings dept to $18,952,600,000

  5. CC Payment or Investing • Credit card payment of $218 • Instead you invested that $218 in a 12% savings plan, • Retire in 25 years with $1,354,930 saved. • Your credit card payment is not only costing you thousands in interest, but is prohibiting you from saving for your retirement.

  6. Total Credit Debt • 1st Qtr. 2002: $660 billion spent using credit cards. • $660,000,000,000.00 • Total Credit Card Debt was approximately $60 billion. • $50 billion total finance charges paid in 2001. • Size of AT&T -- the entire corporation is $1.6 billion

  7. Average American Household • 7 to 10 Credit Cards 2002. • 7 cards in 2001 • 6.2 cards in 2000 • 4.21 cards in 1999 • Average Interest Rate 18.9%. • VISA 2000 credit survey • "48% of credit card owners only pay their minimum monthly payment…"

  8. Credit Temptation • Being solicited an Average of Seven (7) times per year by credit card companies. • Regardless of their credit histories… • solicitations dropping • 2.2 billion first 1/2 of 2001. • 1.6 billion first 1/2 of 2002.

  9. Credit Temptation • 150 to 200 million credit cards are issued annually in North America since 2000. • 500 million bank credit cards in North America. • 700 million retail credit cards in North America. • 1.2 billion credit + retail cards in North America.

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