April 20th, 2013

Infographic: Credit Card Debt vs. Number of Credit Cards

6 Comments | Twitter | |

 

As we’ve mentioned before, we’re big data nerds here at Credit Karma and we want to use that data to help consumers better understand their credit and overall financial health. Today, we are kicking off a weekly infographic series. Each week, we’ll look at a different aspect of credit and personal finances through numbers and put the information into easy to read graphics.

This week, we decided to look at the average credit card debt verses the average number of credit cards within different credit ranges. We used our findings to create this infographic. Scroll down to check it out!.

 

credit_card_debt_vs_number_of_credit_cards_infographic

What jumps out at you in this infographic?

Amy

Amy Leone is the Public Relations Coordinator at Credit Karma. Before joining the team in June 2012 she spent most of her career as a TV news producer. When she’s not helping promote Credit Karma on a variety of media outlets, she’s probably out running or exploring her new state of California.

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6 Comments

  1. Nice info graphic of Credit Karma. Based on this info I have Good Credit … I have realised that living without debt is more healthier. Two years ago I bought a house and now I need to pay for this 30 years … :(

    I am from Europe :)

    sohocredit at 11:32 pm on April 21, 2013
  2. Great infographic. Two questions. One, can we use it if we reference it and give CK a backlink to this blog? Two, what is the source of this info? It’s great but where did the data come from?

    Phil at 5:22 am on May 29, 2013
  3. Jenna

    Hi Phil! Definitely feel free to use the infographic and give CK a backlink. We’ve updated the infographic to include more details about the data we pulled. Hope that helps!

    Jenna at 9:59 am on May 30, 2013
  4. why has my score gone from 732 to 713 i’d like to know what it is exactly that i have done to cause this sudden change. I pay all my bills before their actually due, i know that over $5000.00 in credit card debt may seem like a lot but giving the circumstances surrounding my identity being taken or should i put it stolen from me my SS# an my name some guy had gone ahead an opened a three thousand revolving charge in my name, was not me i contacted the appropriate company in question their fraud dept my name was cleared of any of those charges, he said to me that i need to open as many retail accounts just to establish who i am an from there i went. I have only closed two accounts in the almost two year span.
    Please help me understand what i am doing to bring my score to keep going down. Thank you James L Dean

    James L Dean at 7:27 am on December 1, 2013
  5. Jenna

    Hi James,

    As we don’t calculate the scores on our site ourselves (we pull them straight from TransUnion), we don’t have additional insight into why your score dropped. We’d recommend checking out this video on our blog explaining some of the common reasons why credit scores drop: http://blog.creditkarma.com/credit-101/credit-scores/why-did-my-credit-score-drop/

    Jenna at 7:50 am on December 2, 2013

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