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I read some data about credit card debt today that simply blew my mind. There have been 3 items which stuck out hugely to me. First was that the average credit card debt in America is $15,788. The second one was that the average person in the America has 3.5 credit cards. Thirdly and most shocking point was that the average interest rate was 14.99%. Seriously!

There are actually obvious reasons for all of this. the very first major reason is that currently unemployment numbers are still high. Apparently, the lest people work, the more of the chance that they’re going to be piling up the credit card debt. This is also true because there has been a decrease in the number of hours for those individuals who are employed. So they really are simply taking home less cash. While they’re taking home less money they most likely are still spending exactly the same that they were when they were making more. Where’s the outlet? Credit card.

I do believe that the number of credit cards the average consumer has as well as the amount of credit card debt that they have on these cards can be contributed to just how easy it is for people to get credit cards. Banks spend  a lot of cash on marketing the lifestyle that you could live whenever you buy things with their credit cards. They make it  look exciting to spend money. So there’s been a pretty picture painted with how spending on credit cards can  be.

Once the pretty picture of personal credit card debt is painted. Chances are they’ll mail bomb anyone with their credit pulled recently. Banks are in fact permitted to get credit information and may target those individuals who may have either recently applied for a loan or another credit card. They then send out credit card offers to those people with predicatively a much higher response rate because they are already in the game. (This data by the way is the same  reason you get a couple of phone calls and mailers whenever you get a mortgage loan. It’s called Trigger data,  since it is triggered when you get your credit pulled.)

So while someone might have all kinds of cash on one credit card. They’ll receive an even better offer on a new  credit card. This is often contributed to the average number of cards being almost 4. They come in the mail and registering takes little or no effort. Personally I signed up for a Citi card the other day and was shocked at how  fast I was approved. A lot more shocking part was how fast I got the card. That card showed up in less then 5 days.

Perhaps the biggest issue with personal credit card debt in America though is our, “keep with the Jones’s”  lifestyle. It’s been engrained into the fabric of our society that we have to have as nice of things as our  neighbors. So you see this all the time. We have a culture which is based around the collection of material possession. This mindset plays right into the advertising of the the creditors. The credit card firms makes it easy to spend the money.

The conclusion to tap into this is scary. The total U.S. personal debt is $2.45 trillion, since March 2010.  Americans have an overabundance debt than any country in the world. It’s no surprise that so many people are looking for credit card debt relief like Indiana debt relief or Virginia debt relief. People get in over their heads and realize  that they are in need of Debt Settlement to help them get Debt Relief and let them know how to eliminate credit card debt. Therefore, control your urges to spend and avoid being like the average American with almost $16,000 credit  card debt.

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