Warnings on Credit Card Bills?
$17AUbillion in credit card debt, spread over 19,277,000 people (taken from the 2000 estimate on the Australian Bureau of Stats website), is approximately $881 per every single person in the country. That doesn't sound too hideous... Although, you have to remember that for every 2 year old kid that's bringing down the average, is a young guy with A$28,000 debt on 14 separate cards.
Some random USA stats I found after a quick search, approx July 2000. US personal credit card debt; $529billion$US. Population of the USA; 275,562,673. Comes to a per capita debt of $1920.00. This does not surprise me, the aggression of the credit card companies over here has to be experienced to be believed. I was barely a social security number with no history of anything, let alone debt, in 1998, when I started receiving "You have been approved" letters for credit. Since my names been appearing on more and more financial records, I must average two or three credit card offers per week. That's every. single. week. And that's not including the ones that come address to Jeff! These are the same credit card companies that scream when people go into Debt Counselling, and lobby hard to make personal bankruptcy harder and more demeaning. Here's a tip; don't give out so much credit to so many people with so little verification in the first place.
$17AUbillion in credit card debt, spread over 19,277,000 people (taken from the 2000 estimate on the Australian Bureau of Stats website), is approximately $881 per every single person in the country. That doesn't sound too hideous... Although, you have to remember that for every 2 year old kid that's bringing down the average, is a young guy with A$28,000 debt on 14 separate cards.
Some random USA stats I found after a quick search, approx July 2000. US personal credit card debt; $529billion$US. Population of the USA; 275,562,673. Comes to a per capita debt of $1920.00. This does not surprise me, the aggression of the credit card companies over here has to be experienced to be believed. I was barely a social security number with no history of anything, let alone debt, in 1998, when I started receiving "You have been approved" letters for credit. Since my names been appearing on more and more financial records, I must average two or three credit card offers per week. That's every. single. week. And that's not including the ones that come address to Jeff! These are the same credit card companies that scream when people go into Debt Counselling, and lobby hard to make personal bankruptcy harder and more demeaning. Here's a tip; don't give out so much credit to so many people with so little verification in the first place.
posted by Amanda at
6:00 PM
