Skip to main content
(678) 915-2634 Contact Us
How does your credit card debt compare to national averages? Atlanta, GA

Personal Attention & Experience Since 1971 Family-Owned, Family Focused

Client Reviews

How does your credit card debt compare to national averages?

businessman analyzing data

When you are feeling stressed about debt, it can sometimes feel like you are the only person in the world with money issues. The reassuring news is that you are actually in good company. America runs on debt, and recent data shows that many American households have more debt than you might think.

The three largest sources of household debt in the U.S. are, in order: mortgages, student loans and credit cards. In today’s post, we’ll discuss credit card debt data analyzed by the financial website

Statistics can be deceiving if they are presented without much context. For instance, government data shows that average credit card debt among American households is currently $7,281. Does this seem low to you? It should be noted that this average includes households with no credit card debt at all.

Thankfully, NerdWallet provided another statistic that may prove more helpful for gauging how “normal” your debt load is. When you include only households that are carrying debt, the national average credit card debt rises to $15,608.

This is a lot of money, particularly when you consider how high interest rates tend to be on consumer credit cards. If you are struggling under the weight of significant credit card debt, please know that you are not alone and that help is available.

Most or all credit card debt can usually be discharged in bankruptcy. At the very least, a bankruptcy filing can help you restructure your debts in ways that allow you to pay them off manageably.

How your debts are handled will depend on whether you file for Chapter 7 or Chapter 13 bankruptcy. Most people filing for personal bankruptcy will pursue one of these two options. There are eligibility requirements for each.

If you want to learn more about how bankruptcy could help you discharge or manage credit card debt, please visit the credit card debt relief page on our website.

Posted on behalf of Jamie L. Gingold, PC

195 14th Street NE #1604
Atlanta, GA 30309

Phone: (678) 915-2634


First Free

    DisclaimerPrivacy Policy

    I have read the Disclaimer and Privacy Policy

    Our Client Reviews

    Jamie L. Gingold, PC
    5.0 / 5.0

    Based on 28 reviews

    Jack L.

    They did an excellent job with my case. Jamie took the time to really listen and understand things. She delved into the details and was extremely knowledgeable and non judgmental. Very professional and they know what they are doing. Would definitely recommend!

    Karen B.

    Dear Mr Gingold, There are so many reasons to be thankful for all you have done and will do. Anyone who has ever had unfavorable experiences with an attorney or the legal system will feel the trepidation that I experienced once I realized that my situation seemed hopeless. It was by chance and happily good luck that I decided to put my future and sanity into your hands. I was mortified at having to deal with my debts by claiming bankruptcy. I remember in our first meeting how you assured me that I was not alone and should not feel ashamed. And, anyone in this position obviously does not have money to spare and you were clear about all the costs and allowing me to pay according to my own ability to do so. You advised me in all aspects of the law, but also, you were at each meeting incredibly supportive and complementary of my personal and professional plans. Anyone else in this situation should feel blessed to have access to your expertise and support.

    Lyla B.

    I thought the process of filing bankruptcy was going to be a difficult one. However, Gingold & Gingold treated me with respect and dignity from the moment I walked through their door. I had the pleasure of working with Jamie. She is very responsive, professional, and knowledgeable. She took the time and listened to my every concern and handled each and every one of them to my satisfaction. My experience with filing bankruptcy under Gingold & Gingold's representation exceeded my expectations in a major way. They gave me such a peace of mind. I am very pleased with my decision of going with Gingold & Gingold to represent me when I filed Chapter 13 bankruptcy.

    Julie T.

    Wow! I am finally out of debt and can say that I am debt free after completing my chapter 7 bankruptcy case with Gingold and Gingold. Mr dangled was very knowledgeable and direct with regard to my debt situation. there were no surprises and the case went as I was advised. The staff was also very helpful whenever I had a question. I will definitely recommend them in the future to my friends.

    Julie T.

    I contacted getting old and getting old regarding some old tax debt and credit card debt that I needed to address and had been putting off. miss Irving in the office was very very nice and put me at ease. I met with Jaime Gingold. She was very nice and explained the procedure to me and what would be left owing to the Internal Revenue Service and the State of Georgia after my case was done. My case has now been completed and I am on my way to a new start. Thank you Gingold and Gingold for all of your help.

    Anna T.

    Amazing! Outstanding!! They went over and beyond..I would recommend them to anyone needing a lawyer!!

    Write a review