In the United States, the average cardholder has seven credit cards and two debit cards, according to www.cardtrak.com/, which provides consumer information about credit cards.
That’s too many, according to Bill Hardekopf, chief executive officer of www.lowcards.com/, a Web site that helps consumers compare credit cards.
“There is the temptation of using them and charging more and more,” Hardekopf was quoted as saying in “Credits Cards: How Many to Have?”, an article that appeared in the Contra Costa Times. “Why tempt yourself with that situation?”
Do you have seven credit cards? If so, how many of them do you use? Is your debt level manageable or are you overextended with credit card debt?
Tomorrow's post will discuss “About Debts Mounting in Tough Economic Times.”
