Debt Consolidation Can Assist You

Debt Statistics

If you didn't have your credit card payment of $218 a month and instead you invested that money in a 12% savings plan, in 25 years you could retire with $1,354,930 in the bank.

The average balance on a credit card is $7,000

The average interest rate is 18.9%

Late fees are now $29.00

The average household has 10 credit cards

Almost half of all households in America report having difficulty paying the minimum payment

If your credit card balance is $8,000 and you make the minimum monthly payment at 18% interest, it will take you 25 years, 7 months to pay the debt off.

You will pay $15,432 in interest charges almost 2x the balance, bringing your total to $23,432

Americans paid out approximately $65 billion in interest last year alone

Last year over 1.3 million Americans filed for bankruptcy, the highest in our nation's history

Credit card companies solicit the average American 7 times a year through the mail