Do you know all the

Facts About Credit Cards and Debt?

How deep in debt is the average individual or household?

Approximately $9,300

How many Americans are in credit card debt?

45% of all Americans carry a balance on their credit card from month to month.

How many credit card transactions are made every second?

One major credit card company runs approximately 3,700 transactions every second.

What is the debt load on major crdit cards in the U.S.?

Over $2 Trillion

Who really controls the credit card industry?

10 companies control around 80% of the business and the industry is virtually unregulated.

What's the MOST a credit card company can charge for interest?

There is no limit.

What about fees?

Sorry. Still no limit.

Do credit card companies need a reason to raise my rates?

No. Even if you pay your bill on-time every month, they can still raise your rates.

How much can bad credit cost me in a lifetime?

It can cost you more than $250,000 over a lifetime.

Are people who are in debt less educated?

NO WAY! In fact, people of all education levels are trapped in debt for very common sense reasons.

What are "deadbeats" and a "free-loaders"?

According to some credit card companies, these are people who actually pay their full credit card balance each month.

What can people do about this?

Complete our 3 easy action steps.