Some 14 percent of all Americans have more than 10 credit cards. That is the shocking statistic uncovered by the National Score Index study by Experian Consumer Direct, a leading provider of online direct-to-consumer credit reports, scores and monitoring products.

Just think about a wallet or a purse with 10 plastic cards. Why would anyone need so many cards? One obvious reason comes to mind; each card is loaded with debt. Ten cards equals ten available credit lines to stock up on debt.

We live in an age of personal debt. No one saves; frivolous consumption is the order of the day. Spend, spend spend, and don't think about tomorow. So, no one should be suprised that at least one in eight Americans has at least as many credit cards as they have fingers.