by Answerbag Staff on October 11th, 2009

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How many people default on their credit cards?

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by Thomas K. Arnold on October 11th, 2009

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Thomas K. Arnold

Thomas K. Arnold is the publisher and editorial director of"Home Media Magazine"and a regular entertainment contributor to various publications, including"USA Today,""The Hollywood Reporter"and"San Diego Magazine."He has written travel stories for"San Diego Magazine,"the"San Diego Union"and the Copley News Service. Arnold graduated from San Diego State University.

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About 8 percent of Americans with credit cards, or about 15 million, default on their credit cards each year, according to a March 16, 2009, article by Reuters.
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How many people default on their credit cards?

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What is the default rate of credit cards?

Is it better to transfer all your debt to one card? If you default on it you still have your other cards clear and don't use them . Your credit rating still takes a hit but it is better than going bankrupt?

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How many people default on their credit cards?

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