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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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9 Best Investments to Increase Your Wealth in 2023

Credit Corp

The investing information provided is for educational purposes only. You can sign up for a high-yield savings account through many banks and credit unions, and some accounts can earn you anywhere from three to four percent annually. Once you have minimal debt, you can create a budget to see how much you can invest each month.

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Best Personal Loan Companies of 2022

Better Credit Blog

They’re great for credit card debt consolidation, home improvement projects, major car repairs, or any other cash-heavy project. Since personal loans are unsecured, you’ll need an excellent credit score to get the best deal. Like LendingTree, Credible is free to use and won’t harm your credit score.

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Q4 Industry Insights: Cautious Optimism with a Side of Holiday Hangover

True Accord

And despite recent changes at banks and credit unions that have eliminated billions of dollars in fees charged each year, a December report found that many consumers are still being hit with unexpected overdraft and nonsufficient fund (NSF) fees. In October, the first month of resumed payments, 8.8 a year ago. in Q3 , down from 5.2%

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The Best Debt Consolidation Loans

Better Credit Blog

Payoff – Best For Paying Off Credit Card Debt. Payoff specializes in debt consolidation loans that can help you pay off credit card debt, and will even send direct payment to your creditors. Pros: Will accept credit scores as low as 600. Cons: Potentially high origination fee. $10

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The Best Debt Consolidation Loans

Better Credit Blog

Payoff – Best For Paying Off Credit Card Debt. Payoff specializes in debt consolidation loans that can help you pay off credit card debt, and will even send direct payment to your creditors. Pros: Will accept credit scores as low as 600. Cons: Potentially high origination fee. $10