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September 14, 2006

You Too Can Owe $100,000 on Credit Cards

According to CardWeb.com, the average household with credit card debt owes in the neighborhood of $9,000.

That can seem pretty high -- unless you're among the many people who owe much more than that. (Remember that $9,000 is an average. There are gobs of people who owe nothing and gobs who owe much more.)

On our Credit Card Debt discussion board, I recently ran into a reminder of just how deep in debt some of us are. Fool Community member Ccharlan shared his recent credit card debt balances:

* January, 2002: Lowest, $67,500
* December, 2005: Highest, $100,821
* August, 2006: Current, $93,400

Read more at: You Too Can Owe $100,000 on Credit Cards

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