A Few Interesting Statistics About Debit In America

Fifty-nine million Americans are addicted to shopping or spending.
About 1 million Americans filed for personal bankruptcy in 1991. That's nearly one in every 200 people.
The number of non business bankruptcy filings rose to 580,459 for the year ending 30 June 1989. That figure was up 10 percent from the same period the previous year, according to the administrative office of the U.S. Courts.
Individual consumers incur approximately $2 to $3 billion a month in consumer debt. Collectively, we owe $3 trillion.
Over 200 million credit cards are in circulation, up from 120 million in 1980. The average balance per card is $1,300, compared to $500 just a decade ago.
The number of people behind on car payments has risen 25 percent in the past few years.
Nearly 5 percent of homeowners are behind on their mortgage payments.
More than 70 percent of adult American consumers have at least one derogatory remark on their credit reports.
Nearly 46 percent of all credit reports contain inaccurate, obsolete, or misleading information.
The Federal Trade Commission (FTC) receives more complaints related to credit-reporting abuses than all other matters combined.
More than 40 million American adults do not qualify for a major credit card.
One out of three people who actually get a look at their files seek changes, and 75 percent are entitled to them.
A recent study of 6,000 credit reports revealed a 47percent error factor in reporting information.

Types of Credit Cards