Wednesday, January 18, 2012

Credit Card Debt Declines by 11% Year Over Year

Consumers reduced credit card debt by 11% last year, and average debt loads dropped in every state.
The average credit card balance for 2011 was $6,576, down from $7,404 the previous year, according to a report from credit tracking and financial education website, based on data from more than 300,000 of its users.


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