Close
Bonneville Phoenix Network
 KTAR News
 Arizona Sports
92.3 FM KTAR
Menu
Social
Latest News

Report: Arizonans see drop in overall debt

PHOENIX -- Arizonans are reportedly carrying less debt than they used to be.

According to GoBankingRates.com, Arizonans were carrying an average debt of $27,908 in December 2013, down from $28,430 in December 2012.

In addition, Arizona residents also saw a big drop in the amount owed on credit cards. In 2012, Arizonans owed $5,390 on average. In 2013, that number dropped to $4,701. This change saw credit scores increase.

"Arizona residents as a whole have a higher average credit score than the rest of the nation with 643 vs. 641," said Ken Lin, CEO and chief consumer advocate of Credit Karma, in an interview with Phoenix Business Journal.

Arizona also closed out 2013 with slightly higher mortgage prices and car loan balances, both signs of an improving economy.

World Class Arizona

  • Dignity Health World Class People. World Class Company. Excellent care, delivered with compassion, for all in need.

Voice For A Better Arizona

  • Family in Focus KTAR spends the week taking a look at the issues a modern Arizona family faces.

About the Author


KTAR.com is the online home of KTAR News on 92.3 FM, the Voice of Arizona. We're your source for breaking news, traffic, weather and the stories that matter to you.

Comments

comments powered by Disqus
Latest News