transunion credit card survey

Credit Card Debt Plunges 13.4% in Second Quarter

Credit card debt fell sharply in the second quarter as more consumers paid down debts. Average credit card debt fell 13.4% to $4,951 in the second quarter, the lowest since 2002, analysis company TransUnion said in a statement. The state with the highest average credit card debt was Alaska, with $7,148. The lowest was in Iowa, with $3,792.