These states also tend to have a higher overall cost of living, which drives up spending. Individuals with high credit card balances tend to have some common traits. “The more cards, the more income, typically the higher balances are going to show on your card,” Rossman said. However, high average average balances do not always translate to low average credit scores in these states. Mortgage payments can drive up total debt, as can student debt. Us credit card debt. Other patterns in the data emerge when looking at factors like income, age, and region.Credit Card Debt: Income & EmploymentThe correlations between income and credit card debt seem to show that money doesn’t necessarily buy debt freedom. For them, a high credit card balance is not a problem. Balance card credit low transfer. Us credit card debt. Indeed, states with higher debt tend to be home to higher-income residents and report more credit cards per person. Healthy credit card habits can build your credit profile and make your financial life easier, turning you into a credit card statistic. Americans are more likely to pay with a credit card than with cash than ever before. INTRO OFFER: Discover will match ALL the cash back you've earned at the end of your first year, automatically. based customer service.Get your free Credit Scorecard with your FICO® Credit Score, number of recent inquiries and more.Get an alert if we find your Social Security number on any of thousands of Dark Web sites.* Activate for free.
The Truth About Credit Card Debt Settlement | US News. At the state level, average credit card debt per capita varies substantially. reviewed the average bank card balance from creditcards.com to identify the states with the most credit card debt.
Americans now have the highest credit-card debt in U.S.. With a credit card, consumers can buy now and pay later and earn rewards like cash back and travel points for meeting certain spending thresholds.
Average credit card debt in every state, ranked lowest to.. The lowest credit scores of all are found in Mississippi.While Alaska has the highest debt, the trend of high credit card debt is definitely most prominent across the southern and western states. While credit cards have obvious appeal, they can also be dangerous, as easy credit appears to be