Credit Statistics and the Bureaus :

• On average, today's consumer has a total of 11 credit obligations on record at the credit bureau.

• On average, today's consumers are paying their bills on time. Fewer than 4 out of 10 have ever been 30 days or more late on a payment.

• About 48% of credit card holders carry a balance of less than $1,000. About 54% carry a balance less than $5,000. About 10% of credit holders carry a balance of more than $10,000.

• The typical consumer has access to $12,190 on all credit cards combined. More than half the consumer population is using less than 30% of their total limit.

• The average consumer's oldest obligation is 13 years old. Only 1 in 20 consumers had a credit history of less than 2 years.

So why do Americans blindly trust three corporate entities with questionable histories and cutthroat profit-seeking motivations to play such a critical role in almost every aspect of their financial lives? And why do consumers sometimes even feel guilty going up against these larger than life conglomerates? Unfortunately, that's just the way it is.

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