Credit Card DebtThings You Never Knew About Credit Card DebtThings Worth Considering |
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How serious is the credit card debt problem? Well, sit down. The median (middle case) credit card debt level was $11,038. This is well below the average debt level ($17,738) because a small percentage of the debtors had very high credit card debt balances. Approximately 7.2 percent of the debtors owed at least $50,000 in credit card debt, accounting for nearly one-third of the total. Projecting these figures nationwide, in 2003 about 80,000 chapter 7 debtors owing at least $50,000 in credit card debt will discharge about $6 billion in such debt. Click on several of the links below on this page to compare deals on debt consolidation. Compare several sites so as to see a good range of choices.
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