SD Has Third Lowest Credit Card Debt

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SD Has Third Lowest Credit Card Debt

By Associated Press

Story Created: Dec 3, 2008 at 12:07 PM CDT

Story Updated: Dec 3, 2008 at 12:10 PM CDT

A credit reporting agency says the average credit card debt in South Dakota is third lowest in the nation.

Figures from TransUnion LLC show the highest state average card debt was $2,486 in Alaska.

Residents of Iowa had the lowest average debt of $1,305. North Dakota was second at $1,306 and South Dakota third at $1,398.

The percentage of people who were delinquent on their credit card payments rose in the third quarter from the same time last year, while average debt per borrower jumped 7.7 percent, according to TransUnion.

Third-quarter delinquency was highest in Nevada, at 1.79 percent, and lowest in Vermont and North Dakota, at 0.70 percent.

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