Have you ever wondered how much credit actually gets sent to your house each year?
On average, there are more than 5 billion (yes, billion) credit card offers sent out each year. The “pre-approved” credit that is offered with those mailings totals up to an average of … stop and get a hold of yourself for a second … $350,000 per family.
That’s a lot of money!
And it gives you an idea of how out of whack our credit system is. The average family earns about $40,000 per year in income. There is no way that a family should be able to get almost ten times it’s annual income in credit cards. That’s insane.
More detail about those stats can be found in this article. Warning: although this is a very good article, some of the examples are a little graphic/explicit and may not be everyone’s cup of tea.
_________________________________________
If you are looking to get out of credit card debt, you should subscribe to my newsletter. I paid off over $50,000 in credit card debt in exactly one year. I’m now debt free. In my newsletter, you can learn how to pay off your credit card debt too.
Sign up today and I’ll send you the special report everyone is talking about: 15 Secrets The Credit Card Companies Don’t Want You to Know. You’ll also get tips about how to pay off your debt, how to save money, and how to make more money.
Just provide your name and email address below:
_________________________________________
Technorati Tags:
credit card debt, consumer debt, eliminate debt, pay off credit card
