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A new report on credit card debt found Louisiana residents are carrying a lower balance than the national average. According to TransUnion.com, the average Louisiana resident had $5,016 in credit card…
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A new report on credit card debt found Louisiana residents are carrying a lower balance than the national average. According to TransUnion.com, the average Louisiana resident had $5,016 in credit card debt during the fourth quarter of 2008. That put the state 41st in terms of average balances. The national average was $5,710 in credit card debt. Alaska residents owed the most to bank cards, with an average balance of $7,466, while the lowest debts were in Iowa, with the average resident owing $4,267. TransUnion says Louisiana residents had a slightly higher delinquency rate than the national average, with 1.23% of borrowers being at least 90 days late. The national average was 1.21%. Nevada had the highest delinquency rate at 2.04%, while Alaska had the lowest rate at .57%.
