Does Your State Have the Worst Credit Card Debt?

by | Apr 17, 2015 | Credit Card Debt, Debt Relief, Debt Settlement

What States Have Worst Credit Card Debt?

According to the Census Bureau, average credit card debt across the nation is approaching $6,000. If people only make minimum payments and do not make additional purchases with the card, then it takes on average about 9 years to pay off $6,000 in credit card debt. Nine years!

us-map-credit-card-debt

The Census Bureau also found out that credit card debt is the worst in the northeast. Here are the 10 states with the worst credit card debt:

1 – Alaska
2 – Hawaii
3 – New Jersey
4 – Maryland
5 – Connecticut
6 – New Hampshire
7 – California
8 – Virginia
9 – Massachusetts
10 – New York

How about the states with the lowest average credit card debt? Mississippi, Arkansas, West Virginia, Kentucky, and Iowa. Sounds like the South knows how to pay down credit card debt. If you have high interest credit card debt, contact a qualified credit card debt relief attorney who can likely negotiate reductions on the debt.

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Kevin Fallon McCarthy

Kevin Fallon McCarthy is the McCarthy Law PLC’s managing attorney and an experienced Phoenix debt attorney. Mr. McCarthy has also worked as general counsel for a large corporation. He has corporate counsel experience in human resource matters, general corporate governance, and union class action litigation.