_____________________________________________________________________________________________
- Credit Cards Payday Loans
- Medical Bills Mortgages
- Personal Loans Back Taxes
- Repossesion's Back Child Support
- Collections School Loans
- Gas Cards Secured Loans
- Dept. Store Cards Car Loans
Top 15 issuers of general purpose credit cards for 2008 based on outstandings
1. Chase - $183.32 billion
2. Bank of America - $166.32 billion
3. Citi - $106.74 billion
4. American Express - $88.02 billion
5. Capital One - $60.08 billion
6. Discover - $49.69 billion
7. Wells Fargo - $36.36 billion
8. HSBC - $29.97 billion
9. US Bank - $18.53 billion
10. USAA - $17.48 billion
11. Barclays - $11 billion
12. Target - $8.65 billion
13. GE Money - $7.51 billion
14. Advanta - $5.02 billion
15. First National - $4.93 billion
(Source: Nilson Report, March 2009)
Most general purpose credit cards in circulation in 2008
1. Chase - 119.4 million
2. Citi - 92 million
3. Bank of America - 80.2 million
4. Discover - 48 million
5. American Express - 46.5 million
6. Capital One - 46.3 million
7. HSBC - 38.8 million
8. GE Money - 27.2 million
9. Target - 23.4 million
10. Wells Fargo - 17.3 million
(Original source: Nilson Report, February 2009)
General purpose credit card outstandings market share 2008
(Note: 2007 ranking in parentheses)
1. JPMorgan Chase - 21.22% (17.74%)
2. Bank of America - 19.25% (19.36%)
3. Citi - 12.35% (13.03%)
4. American Express - 10.19% (11.40%)
5. Capital One - 6.95% (6.95%)
6. Discover - 5.75% (5.65%)
7. Wells Fargo - 4.21% (3.07%)
8. HSBC - 3.47% (3.65%)
9. U.S. Bank - 2.14% (1.84%)
10. USAA Savings - 2.02% (2.01%)
(Source: Nilson Report, April 2009)
Your Current Situation:
|
Account Name |
Balance |
Payment |
Interest |
Avg. Yrs. Paid On |
|
Credit Card |
$12,000 |
$500 |
10% |
23 years |
|
Line Of Credit |
$14,000 |
$500 |
15.9% |
20 years |
|
Gas Card |
$4,000 |
$300 |
25.99% |
15 years |
|
Medical Bill |
$4,500 |
$300 |
18% |
17 years |
|
Collections |
$2,000 |
$300 |
29.99% |
7 years |
|
Totals |
$36,500 |
$1,900 |
19.98% |
16.4 years |
Estimated Pay Off: 24 years Will Spend In Interest: $729,270 Will Spend In Cash: $547,200 ____________________________________________________
Account Name Balance Payment Interest Avg. Yrs. Paid On Credit Card $6,000 $0 0% 36 Mon. Line Of Credit $7,000 $0 0% 36 Mon. Gas Card $2,000 $0 0% 36 Mon. Medical Bill $2,250 $0 0% 36 Mon. Collections $1,000 $0 0% 36 Mon. Totals $18,250 $500 0% 3 years
The Financial Advisors Settlement Program
Estimated Pay Off: 3 years Will Spend In Interest: $0 Will Spend In Cash: $18,000
Financial Advisors Local Phone 480-409-0447 begin_of_the_skype_highlighting 480-409-0447 end_of_the_skype_highlighting
4810 N. Black Canyon Hwy #400 Phoenix, AZ 85017
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