Sentences with phrase «average credit card balance»
And here are other stats on average credit card balances from the same article that I think you'll find interesting.
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Alaska had the largest average credit card balance in 2017 among all states of $ 8,515, based on the 2017 Experian State of Credit data.
Alaska had the largest average credit card balance in 2017 among all states of $ 8,515, based on the 2017 Experian State of Credit data.
Residents of San Antonio had the highest average credit card balance of $ 5,177, followed by $ 5,115 in Jacksonville, Fla., and $ 4,960 in Atlanta.
Average credit card balances fell by nearly 2 percent (1.7 percent total) in the first quarter of 2013, compared to the same time last year, according to TransUnion.
A report released after Christmas by the federal Consumer Financial Protection Bureau noted that the average credit card balance increased 9 percent since 2015, and the average balance for those with low credit scores rose even faster.
The credit utilization represents the average credit card balance as a percent of credit card limit.
On average Americans carry an average credit card balance of more than $ 5,000.
Of the respondents, households age 50 and older had an average credit card balance of $ 8,278 compared with an average debt of $ 6,258 for households under age 50.
The average credit card balance and interest rate is $ 5,500 and 15 %, respectively.
Alaska also ranked first in the largest year - over-year increase toward the average credit card balances growing by $ 402.
North Dakota ranked second with a $ 364 increase to its average credit card balance, followed Hawaii with a $ 308 increase.
Connecticut ranked second with an average credit card balance of $ 7,258, followed by Virginia with an average credit card balance of $ 7,161.
New Jersey ranked fourth with an average credit card balance of $ 7,151 with Maryland rounding out the top five with a balance of $ 7,043.
Based on the latest data from the Federal Reserve, the average credit card balance of an indebted household is roughly $ 15,863.
We examined the effects of paying just this amount on an average credit card balance to see how long it would take to be totally debt - free, and how much in interest one would have to pay over this period.
Consider that U.S. cardholders carry an average credit card balance of $ 5,234.
Ohio's average credit card balance was about the same as the rest of the country in mid-2016.
The Federal Reserve, which runs the national banking system, is a natural place to start looking for the average credit card balance.
Also this month, credit reporting agency Experian reported the average credit card balance hit $ 6,354 in 2017.
Alaska also ranked first in the largest year - over-year increase toward the average credit card balances growing by $ 402.
Connecticut ranked second with an average credit card balance of $ 7,258, followed by Virginia with an average credit card balance of $ 7,161.
New Jersey ranked fourth with an average credit card balance of $ 7,151 with Maryland rounding out the top five with a balance of $ 7,043.
North Dakota ranked second with a $ 364 increase to its average credit card balance, followed Hawaii with a $ 308 increase.