Do you have credit card debt? You’re probably thinking: “Who doesn’t have credit card debt?” The fact is, just about everyone in America does have credit card debt, including many in the Tampa area. The average American owes thousands of dollars on his or her credit card accounts, and many of those people don’t have the means to get out from under that debt.
According to recent data from several sources, including the Federal Reserve, the average American owes slightly more than $7,000 to his or her credit card company, or companies. That may not seem like a huge number to some people, but the scarier number lies in indebted households. According to statistics, households that can’t pay their credit balances for long periods of time, average more than $15,000.