Consumer Credit Information

Debt collection industry tips: Facts about the U.S. credit economy and consumer credit information: There are over one billion credit reports issued annually; Two-thirds of the American economy is driven by consumer spending; Outstanding consumer credit totals $1.7 trillion; Credit reporting saves the average person 200 basis points on their mortgage loan; On average, every U.S. household owns a car and one-third have a second car; The average American has eight credit cards or loans; There are 7000 credit card issuers in the U.S. offering more than 27,000 types of payment options.