Connect with us

News

SC Ranks 18th Among States with the Highest Credit Card Debts

Published

on

WalletHub today released its study on the “States with the Highest & Lowest Credit Card Debts” and South Carolina ranked as having the 18th highest.

The website drew upon data from TransUnion, the Federal Reserve, the U.S. Census Bureau and WalletHub’s own proprietary credit card payoff calculator to determine the cost and time required to repay the median credit card balance in each of the 50 states and the District of Columbia.

Credit Card Debt in South Carolina (1st Rank = Least Sustainable):

  • Median Credit-Card Balance ($2,639)
  • Median Income ($40,949)
  • Cost of Interest Until Payoff ($233)
  • Expected Payoff Timeframe (13 months and 2 days)

You can see the full report here.

Click to comment

Leave a Reply

Your email address will not be published.

Follow Us

Subscribe to HCS

Patreon

Ads

CMH

HCS Sponsors

SCParks
River
FoodBank

Ads

CHS Tour
CMH
T99
PourHouse
Nchas
Terrace
Forte
Patriots

Events

Holy City Sinner