Credit Card Debt - The Average Cardholder Has 3.5 Credit Cards

One credit card turns into 3.5 credit cards. As a result credit card debt exponentially increases and people begin to panic. Due to a lack of financial education, they feel trapped. Announcing the launch a of new website to help with this.
April 7, 2012 - PRLog -- Dublin, Ohio - Strategic Alliance Partnerships has just launched a new website: This website is aimed at people struggling to cope with credit card debt.

The average amount of credit cards that a cardholder has is 3.5 credit cards. Most people start out with one credit card. The tendency is to get another card when one has reached, or is close to reaching, its maximum credit limit. This has resulted in a rise of credit card debt over the last few years. When the economy was good people tended to overuse their credit cards.

Now that the economy is in a bad way, those same people have accrued a lot of credit card debt. The average debt per cardholder is just below $16,000. That is why has been launched. According to Anthony Farrell, the marketing manager of, "people need to be educated about the use of, and coping with, credit card debt."

Although people have made less use of their credit cards in the first two months of this year, "credit card debt is rampant and education is the only way to deal with credit card debt effectively" according to Mr. Farrell. Using a credit card for purchases is only a line of credit. The problem with credit card use is that it can feel like you have a lot of money to hand when in fact you can actually compare that line of credit to borrowing. That money must be paid back. On top of that, borrowing is also on the rise.  This further lends to credit card debt and consequently increases the burden of debt on every person in that situation. is aimed at educating people to deal with and eliminate or reduce their credit card debt. This education deals with helping an individual assess their credit card debt situation and to take appropriate action. The actions could involve, depending on their personal situation, credit card debt consolidation, relief, reduction, settlement and how to get out of credit card debt in general.

The way for a person to get out of debt is to first understand exactly what their situation is. From there they can then determine what the most appropriate course of action for them. It's different for everybody as each individual's personal situation is unique.

The content on is very beneficial to the average man and woman on the street. "It provides real education and offers immediately usable information that helps people to achieve credit card debt freedom, provided that they take action on that information" says Mr. Farrell. was launched in March 2012 to provide consumers with a wide variety of information for the purpose of education people who have accrued credit card debt. The website offers a wide range of educational information, for the credit card debt consumer, which is continually updated. It's ideal for the person struggling with the options available to them for dealing with credit card debt and for people who just want to learn more about those options in simple layman's terms.

If you'd like more information about this topic, please e-mail Anthony at or visit the website at and use the contact form there.

# # #

Our financial education in the credit card debt arena is inadequate, hence the reason for providing the educational and informative information that's immediately usable concerning credit card debt. Our goal is to help people become debt free and stay debt free forever.
Email:*** Email Verified
Tags:Credit Card Debt, Debt, Card Debt, Debts
Industry:Financial, Family, Education
Location:Dublin - Ohio - United States
Account Email Address Verified     Account Phone Number Verified     Disclaimer     Report Abuse

Like PRLog?
Click to Share