It fell more than 10% in each of the first three months of 2009. By April 2011, credit card debt had dropped to a low of $839.6 billion. That's an average of $7,055 of credit card debt per household.(Note: The per household estimate is based on 119 million households, or 308.7 million/2.59 persons per household.Source: U.S. Census, 2010 Data; Average Household Size).During the recession, banks cut back on consumer lending.hat's an average of $7,055 of credit card debt per household. (Note: The per household estimate is based on 119 million households, or 308.7 million/2.59 persons per household. Source: U.S. Census, 2010 Data; Average Household Size). During the recession, banks cut back on consumer lending.
Contact your attorney. Under Ohio's rules governing attorney conduct, your attorney must maintain a copy of the funds maintained on your behalf in trust (the escrow account) for a period of seven years. Request a copy of the account records and ask for the status of the payments made on your behalf.
The lender may require that borrower put money into the account, known as the escrow's reserve. The reserve figure may be the minimum amount the lender requires in the account for the duration of the loan. Escrow reserves are not a prepaid finance charge because the money doesn't affect the loan's APR. A borrower who declines an escrow might have to pay an escrow waiver fee, which is considered a prepaid finance charge if the lender includes the fee in the APR calculation, reports the website My Equity Pro.