BOSTON - Alaskans are carrying more credit card debit than residents of any other state, while residents of West Virginia are carrying the least, according to a new study.
The study, from Americans for Fairness in Lending, examined the debt per borrower in each of the 50 states (plus D.C.). Alaska leads all states with a median credit card debt of $3,384 for each borrower-more than $1,200 higher than any other state. The states where residents have the lowest card debt are Mississippi, Iowa, and West Virginia, with median amounts of $1,098, $1,135 and $1,237 respectively. "The burden of credit card debt is felt in every state across America, with devastating impact on consumers and communities everywhere," said Jim Campen, Executive Director of Americans for Fairness in Lending (AFFIL). "Unfair practices by credit card companies are fueling these high debt levels.”(c) 2008 The Credit Union Journal and SourceMedia, Inc. All Rights Reserved.http://www.cujournal.com/ http://www.sourcemedia.com/
