How much credit card debt is the average American in?
How much credit card debt is the average American in? According to the study, the average American household has a credit-card balance of $9,068. That's compared to an average $13,405 owed on auto loans and $13,439 in student debt. I'm very comfortable with the credit-card debt picture, Papadimitriou said. We are not even at pre-pandemic levels.
Is 3 credit cards too many?
If your goal is to get or maintain a good credit score, two to three credit card accounts, in addition to other types of credit, are generally recommended. This combination may help you improve your credit mix. Lenders and creditors like to see a wide variety of credit types on your credit report.