Interesting stats on credit use from Capital One
The credit tracker on my Capital One account shows some stats that I find interesting. The percentages are of the general population.
New accounts in the last 2 years:
0-2 75%
3-4 15%
5-6 6%
>6 4% (That's where FTers are)
Credit Utilization
< 10% 45%
10 - 30% 20%
30 - 60% 15%
>60% 20%
Not that many churners out there, but a lot of folks who seem to be paying interest.