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  1. $1.7 trillion Total

    consumer credit. $8562 Credit card debt carried by the average

  2. American. $50 billion

    Total finance charges Americans

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    sickness in America, and like many illnesses, people tend to ignore the problem until it's of epidemic proportions.. First in a series of Borrowing

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    Pushing the Limit: Credit Card Debt Burdens American Families. View this document (PDF). During the past few years, the United States has experienced an. And all they did was pay down their debt. They didn't call a suspected terrorist on their. They just paid a hefty chunk of their credit card balance.. was established in 1958 by the American Express

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    as is the interest on debt. Approximate 42% on American's monthly income. Here's a great article by the Consumer Federation of America... I'm drowning in credit card bills - is debt settlement right for me?. Credit card and other personal debt is an unfortunate fact of American life. Our consumer society bombards us

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    Americans

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    qualifies as. "American Express was giving double points for McKinley says.. Credit Card Debt, Mortgage Debt, Installment loan and more are at

    record levels as is the interest on debt. Approximate 42% on American's monthly income. $1.7 trillion Total consumer credit. $8562 Credit card debt carried by the average

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