Credit Help Center

Almost everyone that has a credit card has some type of credit card debt.  Whether you only have $100 on it, or it’s maxed out to $5,000, you have some type of debt.  Credit card debt is bad to have simply because the interest rates on credit cards these days are outrageous.  Some people have interest rates higher than 30%!  That means anyone who’s not paying their balances off in the full amount are getting charged these awful interest rates each month.

It is very common to want to compare yourself to others.  You wonder how much money everyone else has, how much they have saved, how much they spend and how much debt they have.  A lot of people that “look rich” are usually the ones hurting really bad because they’re so far in debt. 

This is where the question “What is the average amount of credit card debt per person?” comes in.  With having done some research, statistics state that the average household carries around $15,700 worth in credit card debt.  This may sound like a lot, but think about it.  People like to keep up with technology, furnish their homes with nice things, put some bills on their credit card, and buy things even when they don’t have the money. 

Credit card debt is extremely common, so if you have some, you’re not alone.  Not to mention, millions of people are living paycheck to paycheck each day.  What happens when an unexpected bill comes in the mail and they don’t have the money to pay it?  It will most likely get thrown on their credit card.  As you can see, the average amount of credit card debt per household is pretty high.  If you’d like to avoid becoming part of this statistic, never spend more money than you have or make.  If you do that, you will always be free of credit card debt.

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