ACD Debt Solutions

ACD Debt Solutions Here at ACD Debt Solutions our goal is to give people the tools and strategies to speed you on your way to being debt free.

We are different than most debt solutions companies because we will show you all of your options, not just what we offer.

09/10/2009

The typical consumer has access to approximately $19,000 on all credit cards combined. More than half of all people with credit cards are using less than 30 percent of their total credit card limit. Just over one in seven is using 80 percent or more of their credit card limit. (Source: myfico.com)

09/01/2009

"As household wealth has declined in the downturn, more American families are facing financial distress due to high debt burdens. In 2007, before the recession began, 14.7 percent of U.S. families had debt exceeding 40 percent of their income." (Source: U.S. Congress' Joint Economic Committee, "Vicious Cycle: How Unfair Credit Card Company Practices Are Squeezing Consumers and Undermining the Recovery," May 2009

08/27/2009

U.S. Visa cardholders alone conduct more than $1 trillion in annual volume. (Source: Visa USA internal statistics, 4th quarter 2006) Consumers carry more than 1 billion Visa cards worldwide. More than 450 million of those cards are in the United States. (Source: Visa USA internal statistics, 4th quarter 2006)

08/26/2009

The top 10 U.S. credit card issuers held an 87.55 percent market share of $972.73 billion in general purpose card outstandings in 2008. That includes Visa, MasterCard, American Express, and Discover and is up rom 84.70% in 2007. (Source: Nilson Report, April 2009)

08/25/2009

The average outstanding credit card debt for households that have a credit card was $10,679 at the end of 2008. One year earlier, that average was $10,637. (Source: Nilson Report, April 2009)

08/24/2009

How did MasterCard begin? In 1966, a number of banks formed the Interbank Card Association. In 1969, the Interbank Card Association bought the rights to use "Master Charge" from the California Bank Association. It was renamed MasterCard in 1979. (Source: MasterCard.com)

08/21/2009

The first widely accepted plastic charge card was issued in 1958 by American Express. The first general-use credit card that allowed balances to be paid over time was the BankAmericard (which in 1977 changed its name to Visa), issued in 1959. (Sources: PBS Frontline; American Express, Visa USA)

08/20/2009

Are the credit card companies really hurting in this down economy? Profits or Losses at Top 5 U.S. Credit Card Issuers in 2008 1. US Bank: $1.07 BILLION profit 2. Capital One: $1.00 BILLION profit 3. Wells Fargo: $990 million profit 4. American Express: $859 million profit 5. Chase: $780 million profit (Source: Nilson Report, March 2009)

Address

5694 Mission Center Road
San Diego, CA
92108

Opening Hours

Monday 9am - 6pm
Tuesday 9am - 6pm
Wednesday 9am - 6pm
Thursday 9am - 6pm
Friday 9am - 6pm

Telephone

+16195504469

Website

Alerts

Be the first to know and let us send you an email when ACD Debt Solutions posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Shortcuts

Share

Category