[Fraxinus]

Still though, 15K plus the high rates has to be a killer.

I think that figure obscures as much as it illuminates. I have seen figures that 30-50% of credit card holders do not carry a balance, and that those very high credit card debt figures are skewed to a very small percentage that have very high balances.

[johniegrad]

Helpful. Thanks.

[EVO X]

and that those very high credit card debt figures are skewed to a very small percentage that have very high balances.

I had a summer job back in the 70's working in the collection department of a bank in flyover country. Had to make a few late payment reminder calls to influential people with cc balances of $25K and above.

[driftless2]

"obscures as much as illuminates"

There are numerous statements in this article that need fact checking.