Credit in the United StatesPosted on November 6, 2009

Facts about the U.S. credit economy
- 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