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Are You Above Average?

What is the average credit card debt in America?  Around $1000 or $8000.  Well that depends on who’s doing the calculations.  A recent article in Fox Business News examines the average credit card debt in this country.

http://www.foxbusiness.com/personal-finance/2013/07/08/average-credit-card-debt-take-your-pick/

Credit reporting agency Transunion says the average credit card debt in its reports is $4,878.  Experian, another credit reporting agency found the average credit card debt to be higher, at $8,220.

Given this range of numbers, the real question is: Do you have above average credit card debt?  It’s safe to say credit card debt of $10,000 or above is mostly likely above average.  This would be the time to consider breaking the cycle of credit card debt.  Contact a qualified debt settlement attorney and learn more about engaging a law firm to handle your credit card debt. 

 

 

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Kevin Fallon McCarthy is the McCarthy Law PLC’s managing attorney and an experienced Phoenix debt attorney. Mr. McCarthy has also worked as general counsel for a large corporation. He has corporate counsel experience in human resource matters, general corporate governance, and union class action litigation.