5 Minute Debt Solutions - Reach Your Financial Goals & Have True Financial Freedom.

STAGGERING STATISTICS

Visa, MasterCard, Amex & Discover had combined revenues of more than 2.3 Trillion dollars in 2004.*
Average household credit card debt is at $9312.*
Consumer Credit outstanding is now at 2.1 Trillion Dollars.*

Californian's have the highest outstanding credit card debt at 97 Billion.*
In 2005 2,043,535 Americans Filed for Bankruptcy (up 31.6% from 2004).*
The average household has 13.4 credit cards* (up 30% since 2002).
If your credit card balance is $8000 at 15% APR, it will take you 37.3 years to pay it
off with the minimum payment due (approx. 2%). You will have spent $12,789 in interest expense (160%).
If you made a fixed payment of $160 (2% of original balance) it will take you 6.6 years and cost you $4633 in interest, a savings of more than $8100.
Annual Savings Rate has declined 1980's: 9%, 1990's: 5%, 2004 1.8%, 2005:
-.04% (the lowest rate since 1933-the bottom of the great depression)

* These numbers/statistics are the highest in our nation's history.