Average amount of revolving debt (including debt from credit cards, private label cards and lines of credit) per revolving borrower, Quarter 3, 2012.
This measure indicates how much debt from credit cards, private label cards and lines of credit the typical borrower is saddled with. When borrowers utilize a high percentage of the revolving credit available to them, it can have a negative impact on their credit score, which in turn makes it difficult to qualify for other types of affordable credit, such as a mortgage. In addition, too much revolving debt drains wealth and negatively affects a household’s ability to build assets.
Credit card debt as reported in the Scorecard is for individual borrowers rather than for households or families, which may contain two or more individuals with credit cards.