Credit Card Crisis? Not so Much in West Virginia New Report Shows

Credit card crisis? Not so much in West Virginia new report shows

(WTRF)- Americans added $52 billion to their credit card debt in 2024, pushing the national total to about $1.3 trillion. But new data shows West Virginians are paying down their debt faster than most. A recent WalletHub report ranks West Virginia 45th in the nation for the time it takes to pay off median credit card balances — placing the state among those with shorter repayment periods. Using data from TransUnion, the Federal Reserve, the U.S.…

Paying off credit card debt in these states will take the longest, study finds

Credit card debt can feel overwhelming to tackle but residents in these states are finding it more challenging to pay it off quicker than others.

South Carolina Ranks 13th Among the States With the Longest Credit Card Debt Payoff Timelines – WalletHub Study

Personal finance website WalletHub this week released a report on the States Where It Will Take the Longest to Pay Off Credit Card Debt and South Carolina was named has having the 16th longest timeline in the country.