Total bankcard debt per bankcard borrower is $5,710. This was alternatively described as the total balance of bank-issued credit cards per consumer. (Source: TransUnion, December 2008)
Scary? You betcha. That quote’s just part of some eye-opening information. It’s hard to imagine that a couple could have, in addition to mortgage, car loan or lease, student loans and all the rest, over $11,000 debt on plastic. Imagine the interest they are paying on that loan. Imagine the stress over whether they will keep their jobs in 2009. Think about how enslaved they are.
If it’s you, or a loved one, who’s in debt, consider making a payment to his bank as a Christmas present. That’s a gift that will buy the greatest gift of all: freedom.
Auntie Kate The Resale Expert 