The Law Office of Kim Covington

Call For A Free 1-Hour Consultation
541-393-2790 | 800-673-1891

Please Ask For Kim Directly When Scheduling An Appointment

Report finds Americans using credit cards more

Consumers in Oregon and across the U.S. are increasing their use of credit cards, according to a new report by CompareCards.com. In fact, the website found that Portland residents have the 10th highest credit card balance average in the country.

For the report, CompareCards.com analyzed credit card data from consumers in the top 50 U.S. cities. Researchers found that credit card balances grew an average of 3.6 percent over the last 12 months. However, some cities saw averages balloon more than 10 percent during the same period of time. Consumers in Austin, Texas, had the highest average credit card balance increase in the country. In September 2017, they averaged $6,165 in credit card debt. However, by September 2018, their average debt was $6,924, a spike of 12.3 percent.

St. Louis consumers had the second highest credit card balance increase over the last year, growing from an average of $5,555 in 2017 to $6,143 in 2018, which is a 10 percent increase. San Jose consumers came in third, with balances jumping from $6,043 in 2017 to $6,649 in 2018, which is also a 10 percent spike. San Diego consumers came in fourth, with balances increasing from $6,390 to $7,023 over the last year, an increase of 9.9 percent. Orlando rounded out the top five, with consumer balances jumping from $5,162 in 2017 to $5,661 in 2018, a jump of 9.7 percent. Meanwhile, Portland consumers saw their balances spike by 6.3 percent over the last 12 months, increasing from $5,817 in 2017 to $6,183 in 2018. Overall, the report found that consumers in Washington, D.C., had the highest average credit card balance in the U.S., with $7,649.

Sometimes, credit card debt can get out of control, forcing consumers to seek assistance. A bankruptcy attorney could help a client end creditor harassment and eliminate debt.

No Comments

Leave a comment
Comment Information
email us for a response

Learn More About Your Fresh Financial Start

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

The Law Office of Kim Covington is a debt relief agency, and I have helped families, individuals and small businesses, file for bankruptcy relief under the U.S. Bankruptcy Code, for over 19 years.

The Law Office of Kim Covington

The Law Office of Kim Covington
1445 Willamette Street, Suite 9
Eugene, OR 97401

Toll Free: 800-673-1891
Phone: 541-393-2790
Fax: 541-344-6466
Eugene Law Office Map

P: 541-393-2790

T: 800-673-1891

F: 541-344-6466