Average Credit Card Debt

Definition

Average amount of revolving debt (including debt from credit cards, private label cards and lines of credit) per revolving borrower, Quarter 3, 2012.

Description

This measure indicates how much debt from credit cards, private label cards and lines of credit the typical borrower is saddled with. When borrowers utilize a high percentage of the revolving credit available to them, it can have a negative impact on their credit score, which in turn makes it difficult to qualify for other types of affordable credit, such as a mortgage. In addition, too much revolving debt drains wealth and negatively affects a household’s ability to build assets.

Credit card debt as reported in the Scorecard is for individual borrowers rather than for households or families, which may contain two or more individuals with credit cards.

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Average Credit Card Debt

State	Total Revolving Debt Per Revolving Borrower ($)	Rank
United States	$10,736
Alabama	$8,879	19
Alaska	$10,966	34
Arizona	$12,038	41
Arkansas	$6,376	3
California	$13,825	48
Colorado	$11,407	35
Connecticut	$15,028	50
Delaware	$12,178	42
District of Columbia	$15,065	51
Florida	$11,916	39
Georgia	$10,077	28
Hawaii	$13,031	44
Idaho	$9,906	25
Illinois	$11,505	36
Indiana	$8,364	18
Iowa	$5,967	2
Kansas	$7,166	9
Kentucky	$8,347	17
Louisiana	$7,414	10
Maine	$10,171	29
Maryland	$13,068	45
Massachusetts	$12,563	43
Michigan	$8,988	20
Minnesota	$9,978	26
Mississippi	$6,847	7
Missouri	$8,060	15
Montana	$8,120	16
Nebraska	$6,632	5
Nevada	$10,670	31
New Hampshire	$11,748	37
New Jersey	$14,252	49
New Mexico	$8,055	14
New York	$11,791	38
North Carolina	$10,697	32
North Dakota	$5,865	1
Ohio	$9,982	27
Oklahoma	$6,495	4
Oregon	$10,561	30
Pennsylvania	$10,775	33
Rhode Island	$13,803	47
South Carolina	$9,627	23
South Dakota	$6,848	8
Tennessee	$9,101	21
Texas	$6,668	6
Utah	$9,860	24
Vermont	$9,625	22
Virginia	$11,946	40
Washington	$13,087	46
West Virginia	$7,578	12
Wisconsin	$7,920	13
Wyoming	$7,543	11

Source

Trend Data. Chicago, IL: TransUnion, 2012.