10 Facts about Credit Card Debt
Facts about Credit Card Debt present the information about an example consumer debt. When a service or item is purchased by a credit cardholder, it will result a debt. The interest and penalties are enhanced and accumulated in the debt if the card holder does not pay the bank or credit issuer on time. Get other interesting facts about credit card debt below:
Facts about Credit Card Debt 1: payment of debt
The late payment penalty will be charged to the credit card holder if he or she does not pay the debt on time. The people are charged around $10 to $40 in United States. The credit rating agencies will get the report about the late payment.
Facts about Credit Card Debt 2: the amount of the debt
The amount of the debt as well as the interest will be increased when a customer does not pay the credit at once.
Facts about Credit Card Debt
Facts about Credit Card Debt 3: the credit card debt in United Kingdom
In March 2009, the credit card debt in United Kingdom reached £64.7 billion. In 2010, Australia had $50 billion credit card debt.
Facts about Credit Card Debt 4: the credit card debt in United States
The first Quarterly Credit Card Debt in United States reached $790.3 billion in 2012. In the second Quarterly, it reached $798.5 billion.
Credit Card Debt
Facts about Credit Card Debt 5: the decline of credit card debt
The people can have declined credit cards because of the charged off debt from the credit card companies. Another reason is caused when the credit cardholder pays down the debt.
Facts about Credit Card Debt 6: the first fiscal quarter
When the people earn tax refunds and holiday bonuses, they tend to pay down the credit card debt. Read credit card facts here.
Credit Card Debt Pic
Facts about Credit Card Debt 7: the industrialized countries
The industrialized countries often have higher credit card debt. Most college students in United States have to deal with over than $2,000 credit card debt when they start the post college days.
Facts about Credit Card Debt 8: the credit card debt relief
The consumers who live in United States choose the multiple credit card debt relief after the Great Recession.
Credit Card Debt Facts
Facts about Credit Card Debt 9: the debt relief options
Can you mention some of the debt relief options in United States? Those include credit counseling, debt settlement, chapter 13 bankruptcy, chapter 7 bankruptcy, and debt consolidation. Find facts about credit here.
Facts about Credit Card Debt 10: bankruptcy
The credit card companies have to forgive the debt of the customer when he or she declares bankruptcy.
Credit Card Debt Pictures
Do you have any comment on facts about credit card debt?
