U.S. consumers’ average credit card debt in May fell to its lowest level so far this year, while credit scores held steady, according to new data Credit Karma released June 9.
Consumers’ average credit card debt in May fell to $7,652, down 0.64% from $7,701 in April but up 8.2% from $7,072 in May 2009, according to the San Francisco-based company, whose website tracks credit scores.
Credit card debt varied widely among states. Consumers in Colorado had the nation’s highest average credit card debt at $8,842, up 18% from a year earlier. New Jersey was second highest at $8,612, up 14%; Illinois was third, at $8,186, up 14%.
Pennsylvania showed the highest relative increase, with average credit card debt rising 25%, to $7,362 from May 2009.
U.S. consumers’ credits scores held steady at an average of 669 but was down five points from 674 last May.