Credit Card and Debt Statistics Database
by Scott Bilker |
Credit Utilization |
About 40% of credit card holders carry a balance of less than $1,000. About 15% are far less conservative in their use of credit cards and have total card balances in excess of $10,000. When we look at the total of all credit obligations combined (except mortgage loans), 48% of consumers carry less than $5,000 of debt. This includes all credit cards, lines of credit, and loans-everything but mortgages. Nearly 37% carry more than $10,000 of non-mortgage-related debt as reported to the credit bureaus. |
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Categories: |
Household Debt,Consumer Debt,Credit Card Debt |
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Reporting Pub: |
MyFico.com |
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Reporting Date: |
12/4/2007 |
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Article
Title: |
Average Credit Statistics |
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Article
Author: |
Staff |
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Pub's Source: |
MyFico.com |
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Source
URL: |
View details from source |
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