Statistics about debt and credit that will make you think about your finances.

1. Late library fines and unpaid parking tickets can hurt your credit score. So can judgments, late payments to creditors as well as minimum payments.
   
   
2. In 2006, the credit card industry took in $55 billion in credit card fees and $90 billion in finance charges.
   
   
   
3. National debt of Canada is about $805 Billion and climbing each day.
   1. United States 10 Trillion
   2. United Kingdom 8 Trillion
   3. Germany 4 Trillion
   4. France 3 Trillion
   5. Italy 2 Trillion 
      
      
4. Canadians racked up $122-billion in consumer debt.
   
   
   
5. At least one in 10 consumers has more than 10 credit cards in their wallets.
   
   
   
6. 51 percent of the Canadian population has at least two credit cards.
   
   
   
7. It took the city of Montreal 30 years to pay off its Olympic debt of $2 billion, held in 1976! 
   
   
   
8. A $1,000 charge on an average credit card will take almost 22 years to pay, and will cost more than $2,300 in interest ($3,300 total) -- if only 2 percent minimum payments are made. 
   
   
   
9. Visa cardholders alone conduct more than $1 trillion in annual volume.
   
   
   
10. Closing a credit card account in full will have a negative affect on your credit score. Length of history on an account is 15% of your FICO score.
    
    
    
11. Average household debt in Canada surged to over $90,000 last year