Dwight Flenniken III | Americor

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Entries by Dwight Flenniken III

These States Have the Highest Amounts of Credit Card Debt


Some states are reaching new heights — but not the kind to write home about. According to Experian’s latest State of Credit report, the following states carried the highest average credit card balances in 2017:   State Average Credit Card Debt Alaska $8,515 Connecticut $7,258 Virginia $7,161 New Jersey $7,151 Maryland $7,043 Hawaii $6,981 District of Columbia $6,963 Texas $6,902 Colorado $6,718 Georgia $6,675 From a macroeconomic standpoint, rising consumer debt is generally regarded as a positive economic...

American Credit Card Debt Continues to Soar


Credit card debt is in dangerous territory. How dangerous? Let’s put it this way: Our total plastic balance is very near recession level. America’s credit card tab currently stands at more than $830 billion, according to the Federal Reserve Bank of New York’s latest U.S. household indebtedness report. The new figure represents an increase of $26...