Archive for category Quick Facts

Over 173 Million Americans own at least one credit card

Posted by Power User on Tuesday, 17 November, 2009

quick facts 9 150x150 Over 173 Million Americans own at least one credit card Over 173 Million Americans own at least one credit card


Target is in the top 10 issuers of credit cards

Posted by Power User on Tuesday, 17 November, 2009

quick facts 8 150x150 Target is in the top 10 issuers of credit cards Target is in the top 10 issuers of credit cards


The first payment-based debt for the average American gets incurred while still in high school

Posted by Power User on Tuesday, 17 November, 2009

quick facts 7 150x150 The first payment based debt for the average American gets incurred while still in high school The first payment-based debt for the average American gets incurred while still in high school


The average american has between $30,000 and $40,000 in outstanding credit card debt. How about you?

Posted by Power User on Tuesday, 17 November, 2009

quick facts 6 150x150 The average american has between $30,000 and $40,000 in outstanding credit card debt. How about you?The average american has between $30,000 and $40,000 in outstanding credit card debt. How about you?


Almost 1 in every 100 households in the US will claim bankruptcy

Posted by Power User on Tuesday, 17 November, 2009

quick facts 5 150x150 Almost 1 in every 100 households in the US will claim bankruptcyAlmost 1 in every 100 households in the US will claim bankruptcy.


Typical credit card purchases is 112% higher than if using cash

Posted by Power User on Tuesday, 17 November, 2009

quick facts 4 150x150 Typical credit card purchases is 112% higher than if using cashTypical credit card purchases is 112% higher than if using cash.


The average US household pays $950 in interest each year

Posted by Power User on Tuesday, 17 November, 2009

quick facts 3 150x150 The average US household pays $950 in interest each yearThe average US household pays $950 in interest each year.


Over 40% of US families spend more than they earn

Posted by Power User on Tuesday, 17 November, 2009

quick facts 1 150x150 Over 40% of US families spend more than they earnOver 40% of US families spend more than they earn.


The average American has been $35k to $45k in credit card debt, how about you?

Posted by Power User on Tuesday, 17 November, 2009

quick facts  150x150 The average American has been $35k to $45k in credit card debt, how about you? The average American has been $35k to $45k in credit card debt, how about you?


Understanding your finances is the first step you need to take to become financially independent

Posted by Power User on Wednesday, 28 October, 2009

homebudget200 Understanding your finances is the first step you need to take to become financially independentMost people spend more time managing company finances than their own personal finances. Why is this?

Without a complete understanding of your monthly inflows and outflows you will not be able to understand what money is available for savings or additional spending.  Understanding this will greatly assist you as estimate what monthly payment you can afford before you enter into any debt settlement service.