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.
When you close on the house, the terms escrow and reserve are really synonymous, since there have not been any payments yet made for taxes and insurance yet. Instead, the lender sets up the escrow account by setting the reserve at 14 months (in most cases) of payments toward insurance and taxes.