Credit Card Debt Solutions

Credit Card Debt Statistics

May 21st, 2008 Subscribe To Our Feed

Years ago my grandfather was relaying how he was having trouble sleeping. Trying to empathize with him, I said that there were nights that I had trouble sleeping as well. He then made a simple statement that I’ve recalled a number of times. He said, ‘Just knowing that you can’t sleep doesn’t do anything to help me sleep better.’ What does that have to do with credit card debt statistics? If you’re currently bogged down by credit card debt, finding statistics that prove that others are in the same boat isn’t going to change your situation. On the other hand, looking for success stories of how other’s turned their financial standings around could be more productive. However, if you are just plain interested in finding stats on credit card debt, there are a few ways to gather them.

Places to Find Stats

Depending on the specific type of stats that you’re looking for you may dictate where you need to look for the information. Both credit management services and money management service companies provide statistics showing the level of debt people are at, and offer ways to combat it.

Credit Card Companies

You can also contact the credit card companies directly to request the numbers you’re looking for. Some of them have stats out on their sites and some even have information on managing debt.

Sites on the Internet

On the net check out ‘money’ related sites as many have statistical information beyond credit card debt that may be interesting and useful as well. If you’re from the US or a country with similar consumer spending habits, sites like the Federal Reserve (federalreserve.gov), MSN Money (moneycentral.msn.com), myfico.com, carddata.com, cardtrak.com, creditcards.com… and so on.

You’re Input

If you have a favorite site for gathering credit card debt statistics, please post a comment for the benefit of others looking for such sites.