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Statistics

U.S. Debt Statistics

  1. Average credit card debt per household with credit card debt: $15,956 (Source: creditcards.com)

  2. 609.8 million credit cards held by U.S. consumers. (Source: "The Survey of Consumer Payment Choice," Federal Reserve Bank of Boston, January 2010)

  3. Average number of credit cards held by cardholders: 3.5, as of yearend 2008 (Source: "The Survey of Consumer Payment Choice," Federal Reserve Bank of Boston, January 2010)

  4. Average APR on new credit card offer: See current CreditCards.com Weekly Rate Report.

  5. Average APR on credit card with a balance on it: 12.78 percent, as of November 2011 (Source: Federal Reserve's G.19 report on consumer credit, released January 2012)

  6. Total U.S. revolving debt (98 percent of which is made up of credit card debt): $801 billion, as of December 2011 (Source: Federal Reserve's G.19 report on consumer credit, released February 2012)

  7. Total U.S. consumer debt: $2.5 trillion, as of December 2011 (Source: Federal Reserve's G.19 report on consumer credit, released February 2012)

  8. U.S. credit card 30-day delinquency rate in January 2012: 2.93 percent. (Source: Moody's, February 2012 report)

Source Creditcards.com

Why Choose Us

We are dedicated to consumer protection and vigorously defend the rights of our clients. Our law firm has the experience, efficiency and dedication to help you become debt free faster than you may think.

 

 

Practice Areas

  • Non-Formal Debt Resolution
  • Bankruptcy
  • Criminal Law
  • Tax Law

Services

  • Reduction of medical debt
  • Reduction of credit card debt
  • Protection from collectors
  • Debt negotiation

Our Debt Resolution Program Will

  • Build a realistic budget you can afford.
  • Utilize one low monthly payment to facilitate the negotiated settlement of your debts.
  • Reduce your debt to a fraction of what you owe.*
  • Communicate with your creditors on your behalf.
  • Help you regain financial security.
  • Give you peace of mind.

  • *The attorneys do not guarantee that your debts will be discharged, lowered by a specific amount or percentage, or that you will be debt-free within a specific period of time.