Consumer credit counseling stats

Financial profile of most clients at the time they sought its services.

• Average balance on their credit cards was $8,000.
• Average household had 10 credit cards.
• Average interest rate on the cards was 18.9%.

NOTE: Half the families in the U. S. are having difficulty making any more than minimum payments on their credit cards.

NOTE: If your balance is $8,000 and you make only minimum payments at the rate of 18%, it will take you 25 years AND seven months to pay off the debt, assuming you don't use that card again. Debt + interest = $25,432. That's $17,432 in interest!!