Question

 How many people default on their credit cards?

Answer About 8 percent of Americans with credit cards, or about 15 million, default on their credit cards each year, according to a March 16, 2009, article by Reuters.SourceReuters news service
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Top Q&A For: How many people default on their credit cards

What is the default rate of credit cards?

Default occurs when a credit card holders fails to make payments according to the cardholder agreement. Consumers have defaulted on credit cards at record levels in 2009. Default rates vary by co... Read More »
http://www.answerbag.com/q_view/1883196

Unsecured Credit Cards for People With Poor Credit?

Once your credit falls apart, your options for opening a credit-card account are limited. You will need unsecured credit credit cards to rebuild your credit and make purchases that require a deposi... Read More »
http://www.ehow.com/info_8497759_unsecured-cards-people-poor-credit.html

How many people default on credit card debt yearly?

There is about $905.6 billion in outstanding credit card debt, according to data released in July 2009 by the Federal Reserve. Delinquencies longer than 30 days account for 5.5 percent of all credi... Read More »
http://www.answerbag.com/q_view/1792178

Do people make fraud copies of people's credit cards?

While copied credit cards are one of the oldest forms of credit card fraud, the practice of doctoring cards to add account information or creating new cards with copied information is becoming outd... Read More »
http://www.answerbag.com/q_view/2203658


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