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February 22, 2007

Latest credit card survey shows Americans are taking the bait

BALTIMORE - How many credit cards do you have in your wallet?

With Creditcards.com reporting 6 billion credit card offers mailed to consumers in 2006 and with a recent credit card study showing 14 percent of Americans now sporting more than 10 of these plastic passports, simply getting off the card companies’ mailing lists might be a good step toward financial independence.

It’s a move underscored by the fact that the average American family, according to the online card-comparison company, now maintains $9,000 in revolving debt.

Read more at: Latest credit card survey shows Americans are taking the bait

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