As of this year, of the households who have a credit card balance, the average amount of debt is $ 15,956 per household which equals total outstanding balances of $ 609.8 billion nationwide. (freefrombroke.com)
• Credit card delinquency rates remain low, at only 0.87 per cent of total outstanding balances as of April 2016, while credit card debt only makes up five per cent of total household debt in Canada. (canadianbusiness.com)
Now that you have a better understanding on how your cards work, you'd better settle your cards» total outstanding balance monthly. (debtfirms.com)