Credit card statistics

Ever wanted to know what the average credit card statistic is? Well we have uncovered the data. This information is provide by “myfico”. This data represents credit card statistics in the United States of America, however these figure would closely relate to Australian statistics.

Average Credit Commitments

The average person has 13 credit commitments, 9 of which are generally credit cards the other 4 are likely to be loans. So the majority of credit commitments are credit cards and on average people have well over 5 credit cards.

Paying back the bills

In general people pay back their debts on time, less than half are 30 days late and 3 out of 10 are more than 60 days late on payment.

Credit Card specifics

Around 40% of credit card holders carry a balance of one thousand dollars ($1000) or less. 15 % have a credit card debt of $10000 or more.

General Credit

Only 1 in 20 people have a credit history of less than 2 years. The average consumer’s oldest commitment is 14 years old.