- EXAMINING THE BILLING, MARKETING, AND DISCLOSURE PRACTICES OF THE CREDIT CARD INDUSTRY, AND THEIR IMPACT ON CONSUMERS
Customers who have not defaulted on their payments
typically enjoy far lower rates. Portfolio-wide, the average
APR of all of our customers is 13.55%. Among those who have not
been repriced, vast majority of accounts have rates below 20%,
and the average APR is only 11.46%.
typically enjoy far lower rates. Portfolio-wide, the average
APR of all of our customers is 13.55%. Among those who have not
been repriced, vast majority of accounts have rates below 20%,
and the average APR is only 11.46%.
- EXAMINING THE BILLING, MARKETING, AND DISCLOSURE PRACTICES OF THE CREDIT CARD INDUSTRY, AND THEIR IMPACT ON CONSUMERS
Total consumer debt in
America is nearly $2.4 trillion. Out of that, $872 billion is
revolving debt, which is essentially credit card debt.
America is nearly $2.4 trillion. Out of that, $872 billion is
revolving debt, which is essentially credit card debt.