Who’s in Debt?

What happens when extraordinary people, just like you, find themselves unable to meet their monthly credit card obligations?

All too often these individuals don’t realize they have options and only need to ask for help. Perhaps they are embarrassed having allowed  this to happen in the first place – or maybe they are so accustomed to helping others that they find it difficult to help themselves.

The examples below illustrate how some people find themselves overwhelmed with burdensome debt that is affecting every aspect of their  lives.

If you or someone you know is struggling with a similar financial hardship, pick up the phone and call CDS Debt Relief today!

We can help!

• There were 170 million credit card holders in the United States in 2014 and that number has grown from 152 million Americans in 2010;
• There are 610 million credit cards in circulation in the United States;
• Average credit card debt per household: $7,117;
• Total US Revolving Debt (98% is credit card debt): $906.7 billion dollars;
• US Credit Card 60-day Delinquency Rate: 4.27 percent;
• 26 percent of Americans, or more than 58 million adults, admit to not paying all of their bills on time;
• The mean, or average, unpaid credit card balance July 2015 was $7,768;
• About 39 percent of consumers carried an unpaid balance in the past 12 months;
• Average credit card debt per U.S. adult, excluding zero-balance cards and store cards: $4,878.43
• Average debt per credit card that usually carries a balance: $8,220.44
• Average debt per credit card that doesn’t usually carry a balance: $1,037.44
• Average number of cards held by cardholders: 3.7 as of the end of 2009
• Average APR on credit card with a balance on it: 13.01 in Q1, 2013
  Total U.S. outstanding revolving debt: $856.5 billion as of May 2013
• Total U.S. outstanding consumer debt: $2.8 trillion as of May 2013
  Charge-off rate on credit card loans from top 100 banks: 3.87 percent as of Q1 2013