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Posted: Thursday, May 17th, 2012 5:37 AM HST
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Hawaii’s credit card debt declines; still second highest in nation
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Hawaii residents’ amount of credit card debt has decreased by 4% when compared to the same time last year but the amount of debt is still the second highest in the country. According to consumer credit advocate CreditKarma.com, Hawaii consumers have lowered their credit card debt by an average of $310 in April, compared to the same month last year.
However, the average credit card debt in Hawaii last month was $7,090, which was the second highest in the nation behind Alaska. Nationally, consumers decreased their credit card debt by 13 percent to $5,650.
On a brighter note, Hawaii residents on average have the third highest credit scores in the country with an average score of 678, third in the nation behind New Jersey and Massachusetts.
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