Credit Card Debt Facts

Credit Card Debt Facts:

In February of 2009, Americans had $955.7 Billion in Outstanding Revolving Credit.
In 3rd Quarter of 2008, it was $976.8 Billion.
It has come down 2.16% from 3rd quarter 2008 to Feb. 2009.

Source:  http://www.federalreserve.gov/Releases/G19/Current/g19.htm
Even though it has come down slightly, it is still a whole lot of revolving credit debt.  I don’t know about [...]

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There’s Nothing Fun About Debt

Nobody plans on getting in debt, it just happens.  It’s something we fall into out of necessity or out of impulsiveness.  Either way, it’s not a goal we set to get in debt.  It just happens.
I should know.  After all, I was in debt way over my head with no possible [...]

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