Credit Card Debt - State by State

[trillium]

Found this tonight over at Plasticeconomy.com

http://www.plasticeconomy.com/stats.php

Kind of intresting!

[autoxer]

I'm helping to bring down the average balance in PA.

[JoyJoy]

Thanks Trillium for this interesting site!!!! This information can help a lot of people and it's free!

[Ima saver]

Well, Georgia is one of the lower states.

[jodi]

From the site:

"This data is coming to you in real-time. Please keep in mind that this data is from a small number of users and should not (yet) be a representation of American credit card debt as a whole. This is for educational and research purposes only."

Interesting, but the info is only coming from those people who have signed up for whatever service they offer - definitely not representative of the US as a whole. It might be higher than reality if people with $0 balances are not signing up (which they probably wouldn't need this service). Likewise, I'm sure there are plenty of people with $50k balances who don't sign up either.

[Bookie]

The data reflects only people who register with the site and report their information, so it's not exactly comprehensive and may not be representative.

I personally am stunned that credit cards are not available to people in Alaska, the Dakotas, and West Virginia.

[Snoopy2645]

Wow interesting article.

[fairy74]

Interesting, what is going on in Colorado????

[mrvirgo]

I was wondering the same thing as fairy74. Why is Colorado so heavily into debt?

[jIM_Ohio]

Originally Posted by mrvirgo

I was wondering the same thing as fairy74. Why is Colorado so heavily into debt?

ever been to CO?- so MUCH to do. Skiing and white water rafting. That is where I'm moving once we retire.

[jodi]

As mentioned before, this site is not comprehensive. The data only reflects the cc balances of the people who signed up. I would by no means take this as a representative of the entire US population. You have no idea how big the sample is - it could be 2 people in a given state, or 2000. And I am guessing that the reason some states are not representated is that no person in Alaska, for example, signed up for this service.