{"id":57792,"date":"2017-10-18T07:45:00","date_gmt":"2017-10-18T11:45:00","guid":{"rendered":"http:\/\/hispanicprwire.com\/english-debt-com-maps-u-s-credit-card-debt-and-income-showing-where-it-is-the-most-difficult-to-be-debt-free\/"},"modified":"2017-10-18T07:46:13","modified_gmt":"2017-10-18T11:46:13","slug":"debt-com-mapea-el-ingreso-y-las-deudas-de-la-tarjeta-de-credito-en-estados-unidos-y-muestra-donde-es-mas-dificil-estar-sin-deudas","status":"publish","type":"post","link":"https:\/\/hispanicprwire.com\/en\/debt-com-mapea-el-ingreso-y-las-deudas-de-la-tarjeta-de-credito-en-estados-unidos-y-muestra-donde-es-mas-dificil-estar-sin-deudas\/","title":{"rendered":"Debt.com Maps U.S. Credit Card Debt and Income Showing Where it is the Most Difficult to be Debt-Free"},"content":{"rendered":"<p><\/p>\n<style type=\"text\/css\"><![CDATA[\n\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n]]><\/style>\n<div class=\"xn-content\">\n<p><span class=\"xn-location\">FORT LAUDERDALE, Fla.<\/span>, <span class=\"xn-chron\">Oct. 18, 2017<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212; Paying off credit card debt is a struggle for many Americans. The Debt.com team mapped out where the easiest and most difficult states are to pay down debt. <\/p>\n<p>Photo &#8211; <a target=\"_blank\" href=\"http:\/\/mma.prnewswire.com\/media\/585248\/Debtcom_Interactive_Credit_Map.jpg\" rel=\"nofollow\">http:\/\/mma.prnewswire.com\/media\/585248\/Debtcom_Interactive_Credit_Map.jpg<\/a><\/p>\n<p>Debt.com&#8217;s <a target=\"_blank\" href=\"https:\/\/www.debt.com\/2017\/living-credit-hell\/\" rel=\"nofollow\">new interactive Credit Hell Map<\/a> quantifies the nationwide struggle and identifies the states where borrowers are in the worst shape. <\/p>\n<p>&#8220;U.S. residents must come to terms with the frightening fact that the average household that use credit cards owes more than <span class=\"xn-money\">$16,000<\/span> on them. Since <span class=\"xn-chron\">Halloween<\/span> is coming-up we decided to look at which states were in &#8216;credit hell&#8217; with the highest <a target=\"_blank\" href=\"https:\/\/www.debt.com\/solutions\/credit-card-debt-help\/\" rel=\"nofollow\">credit card debt<\/a> relative to income,&#8221; says <a target=\"_blank\" href=\"https:\/\/www.debt.com\/news\/ask-the-expert\/\" rel=\"nofollow\">Howard Dvorkin, CPA<\/a> and Chairman of Debt.com. <\/p>\n<p>To develop the map, <a target=\"_blank\" href=\"https:\/\/www.debt.com\/\" rel=\"nofollow\">Debt.com<\/a> researchers took the credit card balances per capita by state from the <a target=\"_blank\" href=\"https:\/\/www.federalreserve.gov\/releases\/g19\/current\/\" rel=\"nofollow\">Federal Reserve data<\/a> and calculated the length of time to pay off the debts with total interest charges based on an average minimum payment schedule.\u00a0 Then they took <a target=\"_blank\" href=\"https:\/\/www.census.gov\/topics\/income-poverty\/income\/data\/tables.html\" rel=\"nofollow\">U.S. Census Bureau<\/a> data for median income by state to find the impact of devoting a full 15% of income towards credit card debt repayment. This allowed them to map where borrowers have the most leverage to pay off debt versus places where payment resources are the most limited.<\/p>\n<p>The research reveals that <span class=\"xn-location\">Iowa<\/span> and <span class=\"xn-location\">Nebraska<\/span> stand out for having low debt relative to the median income. This suggests credit users in the Midwest are more financially stable and better at managing debt levels. On the other hand, borrowers in <span class=\"xn-location\">Florida<\/span> and <span class=\"xn-location\">Georgia<\/span> stand out for having high debt relative to their median income.<\/p>\n<p>States with higher median income were also more likely to have higher average balances. For instance, credit users in <span class=\"xn-location\">Alaska<\/span> have highest median income at <span class=\"xn-money\">$72,723<\/span>, but they also have the highest credit card debt per capita. By contrast, borrowers in <span class=\"xn-location\">Mississippi<\/span> have the lowest median earnings at <span class=\"xn-money\">$41,099<\/span>, but also the lowest credit card debt per capita at <span class=\"xn-money\">$1,850<\/span>. <\/p>\n<p>About: Debt.com is the consumer website helping people with credit card debt, student loans, tax debt, credit repair, bankruptcy, debt collector harassment and more. Debt.com works with only vetted and certified providers that give the best advice and solutions for consumers &#8216;when life happens&#8217;.<\/p>\n<p>\u00a0<\/p>\n<p>SOURCE  Debt.com<\/p>\n<\/div>\n<p> <\/p>","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p><span class=\"xn-location\">FORT LAUDERDALE, Fla.<\/span>, <span class=\"xn-chron\">Oct. 18, 2017<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212; Paying off credit card debt is a struggle for many Americans. The Debt.com team mapped out where the easiest and most difficult states are to pay down debt. <\/p>\n<p>Photo &#8211; <a target=\"_blank\" href=\"http:\/\/mma.prnewswire.com\/media\/585248\/Debtcom_Interactive_Credit_Map.jpg\" rel=\"nofollow\">http:\/\/mma.prnewswire.com\/media\/585248\/Debtcom_Interactive_Credit_Map.jpg<\/a><\/p>\n<p>Debt.com&#8217;s &lt;a target=&quot;_blank&quot;&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-57792","post","type-post","status-publish","format-standard","hentry","category-negocios-y-finanzas"],"acf":[],"_links":{"self":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/57792","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/comments?post=57792"}],"version-history":[{"count":0,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/57792\/revisions"}],"wp:attachment":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media?parent=57792"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/categories?post=57792"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/tags?post=57792"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}