average credit card debt vs. average number of credit cards

1

Upload: credit-karma

Post on 26-Jun-2015

77 views

Category:

Economy & Finance


4 download

DESCRIPTION

How does the average amount of credit card debt and number of credit cards differ between each credit score range?

TRANSCRIPT

Page 1: Average Credit Card Debt vs. Average Number of Credit Cards

www.CreditKarma.com

6.7$ 4,829

5.4$ 8,792

4.6$ 6,436

2.7$ 3,513

0.9$ 1,868

Score of 750 and up

Scores between 700 and 749

Scores between 640 and 699

Scores between 580 and 639

Score of 579 and below

Good Credit

Fair Credit

Poor Credit

Very Poor Credit

in debt credit cards

in debt credit cards

in debt credit cards

in debt credit cards

in debt credit cards

AverageNumber ofCredit Cards

AverageCredit CardDebt

vs

Excellent Credit

Here at Credit Karma, we love analyzing data! In this infographic, we examine how the average amount of credit card debt and number

of credit cards differs between each credit score range.

Not surprisingly, we found that those who have excellent scores generally have more cards but carry less debt than those in the “good” category. On the other end of the spectrum, people with very poor credit tend to have the least amount of debt and number of open credit cards. See how you compare by signing up for a free account at www.CreditKarma.com.

This information comes from a sample of 6,587,591 Credit Karma members withcredit scores pulled between April 1, 2012 and April 15, 2013.