Can A Debt Relief Program Help You?
How do you stack up against these numbers?: The average credit card balance per person in the United States was $6,194 in 2019—an increase of 3% compared to 2018, according to Experian's annual Consumer Credit Review. The 2018 average FICO score was 701 in 2018 and rose to 703 in 2019. And the average FICO score for people with credit cards in 2019 was 727—which is considered very good. A number of factors have an impact on your credit score and unsecured debt balances bumping into your spending limit can drop your score drastically. A free service like Credit Karma can help you keep track of your scores and what changes are happening to those scores and why. What can I do when I reach a credit crises? Do nothing, or just make minimum payments - If you’re making your minimum payments, at the very least, you aren’t accruing late fees and will not be reported for delinquency to the credit bureaus. You will stay afloat but that debt w...