HOBOKEN, N.J.–More than 16% of Americans would rather have nude photos of themselves released rather than their credit card debt, according to a new survey.
Some one-in-five are actually more embarrassed by the purchases on their card statement than they are by the balance on that statement.
With credit card debt continuing to rise, LendEDU (http://www.lendedu.com) played a game of “Would you rather…?” with consumers who currently have credit card debt to determine if they would rather have their debt balances exposed or something else quite embarrassing.
Here are some of the scenarios posed, along with how consumers responded:
1. Would you rather have your credit card debt balance posted on social media for all to see or have nude photos of yourself posted on social media for all to see?
- 83.6% would rather have their credit card debt balance released
- 16.4% would rather have nude photos released
2. Would you rather have your credit card debt balance posted on social media for all to see or have your salary posted on social media for all to see?
- 53.6% would rather have their credit card debt balance released
- 46.4% would rather have their salary released
3. Would you rather have your credit card debt balance posted on social media for all to see or have all of your social media messages and text messages posted on social media for all to see?
- 68.1% would rather have their credit card debt balance released
- 31.9% would rather have their social media messages and text messages released
4. Are you embarrassed by your credit card debt?
- 25.5% said, "Yes, I spend way above my means"
- 58.9% said, "No, I do not care what people think about how much I spend"
- 15.6% said, "I am indifferent"
5. Would you rather have your credit card debt balance posted on social media for all to see or accidentally "sext" a relative instead of a consented significant other?
- 82.2% would rather have their credit card debt balance released
- 17.8% would rather accidentally "sext" a relative instead of a consented significant other
6. Would you rather have your credit card debt balance posted on social media for all to see or lose your right to vote in elections?
- 68.6% would rather have their credit card debt balance released
- 31.4% would rather lose their right to vote in elections
7. Are you more embarrassed by your credit card debt balance or what you are purchasing on your credit card?
- 20.5% are more embarrassed by what they are purchasing on their credit card
- 79.5% are more embarrassed by their credit card debt balance
8. Would you rather have your credit card debt balance posted on social media for all to see or have to be Kim Jung Un's personal butler for 2 weeks?
- 81.9% would rather have their credit card debt balance released
- 18.1% would rather be Kim Jung Un's personal butler for two weeks
9. Would you rather have your credit card debt balance posted on social media for all to see or be locked in a room and forced to read the new tax law bill 100 times?
- 75.9% would rather have their credit card debt balance released
- 24.1% would rather be locked in a room and forced to read the new tax law bill 100 times
10. Would you rather have your credit card debt balance posted on social media for all to see or have your medical records posted on social media for all to see?
- 64.1% would rather have their credit card debt balance released
- 35.9% would rather have their medical records released
The full survey can be found here: https://lendedu.com/blog/reveal-credit-card-debt-world/