Consumer debt loadsIf you're wondering how your credit card debts and other borrowing loads stack up with the average consumer, check out these numbers compiled by Credit Karma , an online research and educational business
Credit Karma reported today that the average consumer credit card debt decreased by $134 at the end of June from the first quarter.
The average consumer with debt had:
-- $6,938 in credit card debt
-- $206,427 in home mortgage loans
-- $54,370 in home equity loans
-- $14,539 in auto loans
-- $27,201 in student loans
The data is based on the credit histories of more than 44,000 Credit Karma customers.
The company also reported that the credit scores of consumers increased in the second quarter, possibly reflecting efforts to pay down debt and cut backs on new borrowings.
Credit Karma said that in terms of overall debt, "Midwest consumers continue to have the lowest amount of debt." On average, Midwest consumers have $6,500 in crefdit card debt, $156,100 in home mortgage loans, $13,400 in auto loans and $26,400 in student loans.
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