Americans carry
about $5800 of credit card debt from one month to another according
to CardWeb.com
Out of a random sample of 3 million American consumers (included
in Experian's National Score Index), 51% of them have atleast
2 credit cards and 14% of them have 10 or more credit cards.
These 14% who have 10 or more credit cards are using up atleast
1/2 of their credit card limits.
Out of a random sample of 3 million American consumers (included
in Experian's National Score Index), 51% of them have atleast
2 credit cards and 14% of them have 10 or more credit cards.
Out
of a random sample of 3 million American consumers (included
in Experian's National Score Index), 51% of them have atleast
2 credit cards and 14% of them have 10 or more credit cards.
If
you spend more than 50% of your credit limit every month, this
indicates to the Credit Bureau that you do NOT have enough cash
on hand to meet your monthly expenses. This will term you as
a high credit risk and will actually reduce your credit score
by 60 - 70 points overnight (Fair Isaac). |