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20+ Illuminating Credit Card Debt Statistics for 2023

Credit Corp

The average household credit card debt in America is $9,654, and the states with the largest amount of credit card debt are Alaska, Hawaii, and New Jersey. Between the first quarters of 2022 and 2023, The Federal Reserve Bank of New York reported that the credit card debt in America rose by $145 billion.

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Average credit card debt statistics in the U.S. for 2023

Credit Corp

The average household credit card debt in America is $9,260, and the states with the largest amount of credit card debt are Alaska, Hawaii, and New Jersey. Between the first and final quarter of 2022 , TransUnion® reported that the average American’s credit card debt rose roughly $400 per person.

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Understanding Why You Have So Many Different Credit Scores

Titan Consulting

You can request your free credit report at annualcreditreport.com , but if you want to view your credit score, you will need to pay an additional fee. In response to pressure from the CFPB (Consumer Financial Protection Bureau), most banks and credit card companies now offer free consumer credit scores as an account benefit.

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Paying Bills Later: Considering Financial Consequences of Delayed Payments Due to COVID-19

Titan Consulting

Amid economic uncertainty, and lockdowns extending through April and possibly into May, it is tempting to call creditors requesting payment extensions. Contacting the company by phone is the only way to get help, which typically includes the following: waived payments, interest, and penalties, along with suspended credit bureau reporting.

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What is Debt Consolidation and How Does it Work?

Better Credit Blog

Debt consolidation is when you bundle several debts together into one larger sum and then make a single monthly repayment instead of multiple smaller ones. Consolidating debts with different interest rates and repayment schedules can make it easier to manage your finances. Debt Consolidation Guide.

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7 Reasons Your Credit Score May Suddenly Drop, Even if You Never Miss a Payment

Titan Consulting

This figure is also called the utilization ratio.For example, if you have $10,000 of available credit combined on two credit cards accounts, and your outstanding (unpaid) balance combined on the two cards equals $4,000, your utilization ratio is 40%. Contact us today at (888) 488-4517 or Apply Online now.

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