Consumer Debt Fell Modestly Last Month

Average consumer debt decreased slightly in September, while credit scores improved for many, according to data released last week by Credit Karma Inc.

Nationally, credit scores increased for 39% of consumers last month, compared with 37% in August, according to data from 72,000 Credit Karma users.

The San Francisco company operates a Web site tracks users' credit scores.

Credit scores were unchanged for 32% of consumers, and decreased for 29%, the same rate as in August.

The average consumer credit score decreased one point from August to 672, and the average consumer had $6,641 in credit card debt last month, down 2%, from $6,775 in August.

The Denver metropolitan area, which had the highest percentage of decreasing credit scores in August, had the largest percentage of increasing scores in September at 42%. Louisiana had the biggest increase in credit card debt from June to September, according to the report.

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