News & Press: Consumer Debt

How Much Credit Card Debt Does an Average American Have?

Wednesday, January 6, 2016   (0 Comments)

Credit cards can be useful financial tools, but they’re easy to abuse and put millions of Americans in debt. In fact, the average American carries more than two credit cards and a balance of about $4,400 on each card, according to data taken in June 2015 from credit bureau Experian. But those figures don’t provide a full picture of how credit is used.

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