U.S. consumer credit card debt inched higher again for data released in February, but the average credit score remained the same as the previous month at 669, according to a March 10 report from Credit Karma Inc., a San Francisco-based company whose Web site tracks credit scores.
Average individual credit card balances reached $8,280 in February, up 4.5% from $7,925 in January, continuing a general trend. Consumers in Colorado carried the highest amount of card debt last month, $9,712. Debt was even higher in the Denver area, where the average credit card balance was $9,896, Credit Karma reports.
In February, consumers in six states increased their card debt by more than 10%: Idaho, up 14%, to $8,958; Mississippi, up 14%, to $7,294, Nebraska, up 12%, to $8,565; New Mexico, up 12%, to $8,241; Kentucky, up 10%, to 8,384 and Missouri, up 10%, to $7,926.
In February, credit cardholders had on average $179,435 in home mortgage loans, $52,431 in home-equity loans, $26,961 in student loans and $14,949 in auto loans.
Each month, Credit Karma compares the current debt levels and credit scores of its user base of some 99,500 consumers with data from previous months. Data are pulled at least 30 days and no more than 90 days before the stated month.