On-line Purchases

Reservations

19%

7.9%

3.9%

Hidden Fees

Annual Membership

Fees $$$$

UGLY FACTS

Average credit card debt per household……)

$8,329 in 2008.

(Source: Nilson Report, April 2009)

American’s Credit Card

Debt in 2008…..

Are you sitting down?

$972.73 billion!!!

(Source: Nilson Report, April 2009)

In 2007 14.7 % of U.S. families had debt exceeding 40 percent of their income.“

(Source: U.S. Congress' Joint Economic Committee, "Vicious Cycle: How Unfair Credit Card Company Practices Are Squeezing Consumers and Undermining the RSecovery," May 2009)

College Grad Facts………….

The average college graduate has nearly $20,000 in debt

Card debt for 25-34 year olds…

Up 47% since 1989

And for 18-24 year olds?

Up 11%

Since 1989

Nearly one in five 18-to 24-year-olds is in

"debt hardship“

(Source: Demos.org, "The Economic State of Young America," May 2008)

Credit Card Tools

How do you stack up?

http://www.usnews.com/usnews/biztech/tools/modebtratio.htm

.

Click to find out

How long to

pay off my ca

rd?

Payment Calculators

http://www.bankrate.com/calculators/credit-cards/credit-card-payoff-calculator.aspx

Debt Reduction Planners

http://cgi.money.cnn.com/tools/debtplanner/debtplanner.jsp

Do You Know….

The Cost of Credit?

The types of Credit Cards?

How to shop for a Credit Card?

How much debt can you handle?

How to reduce your credit card debt?

Your Credit Card Rights?

http://www.credit.org/media/docs/WU2009.pdf

http://www.ftc.gov/freereports

Government Help

http://www.mymoney.gov/

http://www.debtfirms.com/government-grants.html

Do you qualify for a Government Grant?

Public Help Agencies

https://www.familycredit.org/

http://www.credit.org/

THE END