- The credit card industry makes over $30 billion in profits each year.
- Over 80% of divorces are caused by money problems.
- The average American carries 11 credit cards in his or her wallet.
- The average credit card balance is $8,000.
- Credit card issuers can increase your interest rate anytime, for any reason.
- Almost 50% of credit card issuers use "universal default". This occurs when you are late with a payment, your creditor increases your interest rate to it's "default" rate, and your other credit cards do the same because you are now a "credit risk".
- People who pay their credit card balances in full every month are considered "deadbeats" by the credit card industry, as they provide very little profit.
- There are over 1 billion credit cards in circulation today.
- Americans have increased their credit card debt by more than $600 billion in the past 25 years.
- Few Americans have saved for retirement; their resources are swallowed up by credit card payments.
- In 2006 the Commerce Department reported that each month Americans spend 1% more than they earn.
Law Office of Stuart Ferderer
PO Box 532057
Orlando, FL 32853-2057
Phone: 407-649-7575 ▪ Toll Free: 407-649-7575 ▪ Email: ▪ Fax: 407-649-7272
Se habla español
The Law Office of Stuart Ferderer represents Chapter 7, Chapter 13, foreclosure, judgment and tax debt clients in the Central Florida areas of Orlando, Winter Park, Sanford, Deltona, Melbourne, Cocoa Beach, Kissimmee, Longwood, Altamonte Springs, Winter Springs, Casselberry, Windermere, Lake Mary, Heathrow, Apopka, Oviedo, Mount Dora, Tavares, Orange County, Seminole County, Volusia County, Lake County, Osceola County and Brevard County.