Separate names with a comma.
Discussion in 'Credit Talk' started by dave, May 20, 2001.
Barclaycard Ring™ Mastercard®
No annual fee, No balance transfer fees, No foreign transaction fees, Low interest!
CREDIT CARD WITH NO ANNUAL FEEBarclaycard Ring™ Mastercard®
Credit One Unsecured Visa®for Rebuilding Credit
Credit card for people with bad credit to rebuild credit!
BAD CREDIT CREDIT CARDCredit One Bank® Rebuild Credit
First Access VISA® Credit Card
Access to credit even with bad or limited credit! Reports to 3 major credit bureaus and accepted wherever you see the Visa® sign. Get application response in 60 seconds.
CREDIT CARD FOR BAD CREDITFirst Access VISA®
Green Dot primor® Visa®Classic Secured Credit Card
Credit lines available up to $5,000! Reports to three national credit bureaus; perfect card for reestablishing credit.
SECURED CARD FOR REBUILDING CREDITprimor Secured Visa Classic
Credit One Bank® Unsecured Visa® with Cash Back Rewards
Get cash back on every purchase. Unsecured credit card with monthly monitoring for credit line increases. Improve your credit history with responsible use.
CASH BACK UNSECURED VISACredit One Bank
Possibly because the average balance is a true "snapshot in time" and although you think of average debt as a snapshot it is really continuous.
For instance, you may pay off the $7000 balance at some date X...maybe you pay off part of it on X and some on Y maybe you pay all of it on X. Your balance may be taken at some date and you are reading an average of those balances.
In contrast your debt level is an average of the debt you hold across say 1 year...you are reading an average of $5000 of that average debt level.
Not saying that is the answer, but one possible reason for the discrepancy in averages.
For reference purposes, here are the two facts in question:
The average balance on a credit card in the US is $7,000.
The average debt for credit-card holders who carry balances has risen by about one-third in five years, from $4,230 in 1995 to $5,610 in 2000.
We think Nave's explanation hits the mark.