stats..........pros/cons........college problems..........campus soliciting

• About 20% of Americans have maxed out their credit cards
• Around ¼ of U.S. adults have some sort of history with credit problems
• The average credit card debt per family is $8,400
• In 2002 the total credit card debt was about $60 Billion
• The normal household pays around $83 in credit card interest in one month, or $1,200 a year
• The average purchase is about 112% more if paid for with a credit card
• The U.S. has over 1 billion active credit cards
• The average everyday student has up to seven credit cards
• 1.3 billion people declared bankruptcy in 2003 alone

Refrences:

"Credit counseling statistics." Credit Counseling Biz.
<http://creditcounselingbiz.com/credit_counseling_statistics.htm>.
"What is the total credit card debt in the U.S.?." Ask Yahoo. 9 Februrary 2007.
<http://ask.yahoo.com/20040209.html>.
Young, Ian. "Debt Facts." Hoffman Brinker and Roberts.
<http://www.hoffmanbrinker.com/credit-card-debt-statistics.html>.