Carry a credit card debt Balance - Is it good?

Carry a credit card debt Balance - Is it good? - Read remain post

Despite what you heard in May, carrying a large balance of credit card is not the normal in America. Federal Reserve statistics,

• A quarter of American households have no credit cards.
• Another 30 percent or so pay their balances in full each month.
• Of the 45 per cent, half of the balances under $ 2200.
• Only 1 household in 14 has more than $ 10,100 in debt from credit card.
• Only 1 household in 50 has more than $ 20,000 in debt from credit card.

Obviously, statistics aimed at showing the "average" American carrying $ 9,000 or more in debt credit card is misleading. These figures take all the money owed on credit cards at the end of the year and divide by the number of households with at least one card. The statistics are not correct for the fact that many of the balances due on December 31 will be paid next month. They do not compensate for the fact that large balances owed by some are distorting the average for the greatest number.

So if you have taken comfort in the fact that your credit card balances were not that bad compared to the rest of the country desolate. Any balance is made to your financial health, more balance, more time you're with your peers.

Source from: eliminate credit card debt