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 Credit Karma.
The San Francisco company reported last week that consumers' average credit card debt in May was $7,652, down 0.64% from April, but up 8.2% from a year earlier.
Credit card debt varied widely among states. Consumers in Colorado had the highest average credit card debt at $8,842, up 18% from a year earlier. New Jersey was second at $8,612, up 14%; Illinois was third, at $8,186, up 14%.
Pennsylvania had 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 were down five points from a year earlier.
Credit Karma operates a website that tracks credit scores.
