DES MOINES, Iowa - Average bank credit card debt rose by nearly 1.6 percent in the third quarter compared to the second quarter, credit reporting agency TransUnion said Wednesday.
The highest average bank credit card debt was found in Alaska at $7,827. The state with the lowest average was Iowa, with $4,277.
The average borrower had $5,710 in bank card debt in the quarter, up from $5,387 in the same quarter a year ago, an increase of 6 percent. Bank card debt is the total balance of bank-issued credit cards for an individual consumer.
Maine experienced the largest drop in its average credit card debt over the previous quarter at 1.4 percent, while the steepest increase occurred in Wyoming, where it rose 4.96 percent.
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