How much do Americans lose each year because of credit card debt?

in interest and fees the credit comps must make millions. it takes years to pay off a 5k debt. its all interest. by the time its paid the initial balance has been paid many times over. they cant lose. even if you default they claim it as a lose on there taxes. and then they still come after you for the balance, in my opinion once they get the tax write off the debt should be history but hey were talking about the same companies who made it harder to file bankruptcy. they pay politicians a whole lotta money to keep their scam going.