December 14, 2011 08:00 ET

Consumers in All 50 States Reduce Credit Card Debt in 2011, According to

Credit Scores Remain Stable in November

SAN FRANCISCO, CA--(Marketwire - Dec 14, 2011) -, the consumer's credit advocate, today released its U.S. Credit Score Climate Report with trend data for November 2011. Since January, credit card debt has fallen nearly 10 percent nationally to $6,503. Additionally, while all 50 states showed reduced credit card debt, the states that decreased their debt the most include:

  • Mississippi - down 16 percent to $5,362
  • Alabama - down 14 percent to $5,750
  • Kentucky, New Hampshire, Rhode Island and West Virginia - down 13 percent to $6,151, $7,464, $6,090 and $5,956 respectively

Nationally, credit scores remain unchanged from last month at 661, but have fallen five points since January. The states that had the highest credit scores in November include California (680), New Jersey (679), Massachusetts (678), and Utah (675). Mississippi (621), South Carolina (635) and Arkansas (635) posted the lowest scores.

"While it's a good sign that credit card debt is down since the beginning of the year, this trend is not likely to continue as the holiday season progresses and more consumers put their purchases on their credit cards," said Ken Lin, CEO of

In November, the average consumer with an account had:

  • $175,070 in home mortgage loans - down three percent since January
  • $47,911 in home equity debt - down three percent since January
  • $15,370 in auto loans - up four percent since January

Six states increased their auto loan debt by more than the national average including West Virginia by nine percent to $18,252 and Hawaii by eight percent to $16,177. Idaho ($15,197), Massachusetts ($13,756), Minnesota ($13,676) and Pennsylvania ($14,845) all increased their auto loan debt by five percent.

In addition this month, took a look at the relationship between debt and credit scores and how it changes during a person's lifetime. As credit history lengthens, credit scores typically increase and debt also increases significantly for consumers in their 30s and 40s, as they take on more debt, primarily due to a home mortgage.

Each month, the U.S. Consumer Credit Score Climate Report compares the current credit scores of its user base with previous scores pulled at least 30 days prior and no more than 90 days prior to the stated month. This month's report includes a comparison of more than 309,678 user scores.

About provides more than 3.5 million consumers with free credit scores to help them realize the everyday cost savings of having good credit by offering personalized savings recommendations for credit cards, student, auto, mortgage and home equity loans. It also provides financial education and tools such as the Free Credit Report Card, Credit Score Simulator and Credit Card Statistics to empower consumers. To learn more, visit

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