New Visitors Privacy Policy Sponsorship Contact Us Media
Baby Boomers Family Green Home and Auto In Critical Condition Just Starting Out Lifestyle Money
- advertisement -
Bankrate.com
News & Advice Compare Rates Calculators
Rate Alerts  |  Glossary  |  Help
Mortgage Home
Equity
Auto CDs &
Investments
Retirement Checking &
Savings
Credit
Cards
Debt
Management
College
Finance
Taxes Personal
Finance

While the average Joe and Jane don't worry much about the national debt, which now stands above $8 trillion, they're plenty worried about their family debt.

Credit card debt alone totals about $800 billion -- about $8,500 per family -- up more than 100 percent over the previous 10 years.

Falling into serious debt can have an enormous impact on our lives and for generations to come. Where do you stand?

Credit in our lives

America's road to debt is paved in plastic -- Americans are in "debt denial," claiming they're good at handling money, yet concerned about not being able to pay their monthly credit card bills.

Bad credit hurts in many ways -- It's not just your mortgage payment and credit card rate anymore: Shaky credit will cost you when it comes to things like auto, home and renters insurance.

- advertisement -

What a difference a score makes -- Haunted by the infamous 619 credit score? See how much better your life would be at 719.

Are you a subprime borrower? -- Getting labeled with this term will hurt you when it comes to get a loan. The good news is it will probably mean you will, in fact, get a loan.

Do you have good debt or bad debt? -- A mortgage is usually good debt. Buying more clothes you don't need on credit is not.

Credit scoring: How it works -- You probably know what an impact your credit score can have on yor life, but do you know how it's computed?

25 need-to-know credit scoring terms -- A guide to translating the language used in credit reports and credit scores.

New scoring tools empower credit weaklings -- Lenders have started using nontraditional scoring methods to tap into a huge market of Americans with little or no credit history.

'05 Debt Credit Guide
 Credit in our lives
 Road to ruin

Compare Rates
NATIONAL OVERNIGHT AVERAGES
$30K HELOC 4.75%
Personal loan 15.53%
$30K Home equity loan 5.26%
Rates may include points
RELATED CALCULATORS
  The true cost of paying the minimum  
  What will it take to pay off my credit card?  
  Pay-down debt adviser  
  Can you borrow from your home equity?  
  Home equity loans vs. lines of credit  
  Mortgage payment calculator  
VIEW ALL  
- advertisement -
- advertisement -

About Bankrate | Privacy Policy/Your California Privacy Rights | Online Media Kit | Partnerships | Investor Relations | Press Room | Contact Us | Sitemap
NYSE: RATE | RSS Feeds |

* Mortgage rate may include points. See rate tables for details. Click here.
* To see the definition of overnight averages click here.

Bankrate.com ®, Copyright © 2014 Bankrate, Inc., All Rights Reserved, Terms of Use.