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Washington credit scores compare favorably nationwide; high mortgage debt among top 10

Post by C.R. Roberts / The News Tribune on May 8, 2013 at 3:31 pm |
May 8, 2013 3:31 pm

Our credit scores are down from last year and the amount we owe has increased, but we’re doing better than Mississippi.

The consumer credit agency Credit Karma has released its April data concerning debt in America.

Among the results:

• Nationwide, the average consumer with a CreditKarma account held $5,089 in credit card debt.
• In Washington, $5,353 – placing it 36th in the country (Alaska came in at 51st, at $6,386)..
• Nationwide, the average consumer held $167,024 in mortgage debt.
• In Washington, $218,443 – placing it 45th (Hawaii was 51st, with $306,938).
• Nationwide, the average student loan debt was $29,654.
• In Washington, $27,189, placing the state 14th (the District of Columbia was 51st, with $47,574).
• For credit scores, Mississippi placed first (or lowest), at 620. The national average was 648.
• In Washington, the average score was 663, putting it in 45th place ahead of last place (or best place) District of Columbia, at 674.
• In Washington, credit card debt was lower in April than in April 2012, but mortgage debt was higher, as were auto loan debt and student loan debt. The average credit score in the state, 663, was down from 674 a year before.

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