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Report: N.C. credit card balances among the highest

Posted November 30, 2010

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— North Carolina appears to have a love affair with credit cards. A new report from TransUnion, one of the three credit reporting agencies, shows that North Carolina consumers carry the highest credit card balance of anyone in the continental U.S.

North Carolinians carry an average of $5,640 per person in credit card debt. The only two states with higher debt were Alaska at $7,159 and Hawaii at $5,716

Even though North Carolinians carry high balances, they are doing better than most states at paying their cards on time. Less than 1 percent of users were more than 90 days late in a payment.

The national delinquency rate has dropped by 24 percent since this time last year, which could be because more people are cutting up their cards. TransUnion says more than 8 million people stopped actively using credit cards during the past year.


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  • Mike67 Nov 30, 2010

    lol you will have to do like i did over 5 years ago, cut em up and let em go, im better off now than i was then

  • working for deadbeats Nov 30, 2010

    I cut up my one credit card yesterday. Now it's a race to pay it off and be done with them.

    The worst part is that I've paid it comepletely off TWICE! I didn't learn my lesson, so third times a charm I guess.

  • oleguy Nov 30, 2010

    I have been paying an extra 200.00 on mine,, will be paid off in 14 months,,, Never another credit card,,,

  • Peace Love and Cold Meds Nov 30, 2010

    Make sure this makes the top 10 lists, won't you.

  • Joe Schmoe Nov 30, 2010

    Balance per person? this is a meaningless statistic without knowing how many people carry no balance at all or don't have cards. If ten people have an average balance of $5640, but three carry no balance at all, then those people who do have credit card debt have an average balance of $8057.

    If you pay off your card every month, you should never be in a report (or in the news) as someone who has "credit card debt," regardless of how much you out in your card each month.

  • farm Nov 30, 2010

    Can't be per person... I've never had a credit card!!

  • java323 Nov 30, 2010

    Wow, that's a lot. $5640 per person!?

  • greg11 Nov 30, 2010