American Credit Card Debt

I have been unmployed for the last few months, but it looks like I have a job offer waiting for me back in India...but my debts are spiralling at the moment, so can I return to India & pay off the debts?

Yes. Your creditors don't care if you live on the moon. They just want your money. You can probably pay most of your debts online and I bet they even accept rupees. If not get a PayPal account.

2008-01-23 17:26:06 by jazzman

www.americanprogress.org Has the economic downturn affected Americans' credit card use? Is credit card debt more harmful than other types of ...

it would stimulate the economy. the banks would get about 80 billion dollars. americans could use their freed up income to pay for mortgages, gas, etc. And we would be freed from the 20-30% interest that the government allows them to assess us.

The American government has no money for debt repayment. It is corporate america that is the driver.
Additionally, it would not please the wall street greedy. It's all about money. The tax paying public will never benefit from the BAILOUT WHICH WAS A SELLOUT BY CORPORATE AMERICA.

2008-10-05 12:34:05 by kenneth l

Price: $3.99

If so what can be to help them? How much are the people and creditors responsible for this mess? What is the government doing to help them get out of debt? Are the credit card companies helping these people get out of debt or not? Is it really true that 6 out every 10 American are in credit card debt? How did this happen to so many people?Are there any ways to get out of credit card debt if you are in it?If so how?

If people are stupid enough to spend too much then its their fault. You can blame the credit card companies but now a days in this world people will make money anyway they can, even if its taking advantage of people that dont know better. I mean i use credit cards for pretty much everything but have paid them off evry month since ive been 16, im 22 now and at 16 my dad cosigned for a card. i probly get atleast 1 credit card offer a month and have for years

2008-01-14 14:44:12 by new name

Price: $5.95 $5.95

McCain has 100,000$. He does not drink lattes what is he spending on (and his wife)?

McCains report more than $100,000 in credit card debt
By Kevin Bogardus and Manu Raju
Posted: 06/13/08 10:20 AM [ET]
Sen. John McCain (R-Ariz.) and his wife reported more than $100,000 of credit card liabilities, according to financial disclosure documents released Friday.

The presidential candidate and his wife Cindy reported piling up debt on a charge card between $10,000 and $15,000. His wife’s solo charge card has between $100,000 and $250,000 in debt to American Express.

http://thehill.com/campaign-2008/mccains -report-more-than-100000-in-credit-card- debt-2008-06-13.html
no one answered what is and average cc debt and limit, no one even guessed what he spends on.

But you discuss significance. is not it elitism?

i think the last time i heard a report it was around 7500 for a family and 4000 for students......I am shocked that a senator would even have cc debt...seems crazy to me....why not pay cash? they obviously have the money

2008-06-15 08:57:21 by greyzone2

Hey does anyone know how much credit card debt America is in as of 2008?

Also including a credible website would be nice

Thank you all so much! :D

Americans currently owe about $951.7 billion total in debt. While common statistics report that the average American owes $8,000 credit card debt; it isn't entirely accurate. Most Americans actually owe nothing in credit card debt. Only about 1 in 20 households actually carries $8,000 or more in credit card debt. The actual average cc debt per household is under $2,000.

2008-11-07 06:31:12 by Your best gay friend Andy!