Is your credit card balance increasing or decreasing? Data from the credit bureau Experian suggests that it’s more likely to be rising. Credit card balances increased by an average of almost 6.6% year over year in the second quarter of 2018, adding $48 billion to America’s collective credit card debt.
Debt rose in every state, although some states fared better than others.
Five states topped the list with debt increases over 8%, headed by Nevada at 9.34%. (Increased credit card usage in the home of legalized gambling? Not a surprise.) Nevada was joined in the top five by Florida (8.95%), Washington, DC (8.59%), South Carolina (8.50%) and Georgia (8.43%).
Three Northeastern states were among the five most frugal with their credit cards. Ma…
Read the full article at: https://journaltimes.com/business/investment/personal-finance/credit-card-debt-by-state/article_a8a4f2bb-84ca-57d7-beb0-d8d90822dfee.html