Freedom Debt Relief reports 25% of Americans seeking debt relief have accounts in collections, averaging over $3,000, often linked to maxed-out credit cards.

8 Cities Where Debt and Credit Mirrors the U.S. Average. As of the third quarter (Q3) of 2024, the average FICO® Score in the U.S. was 715—tying last year's record high. Credit card utilization ...

Outstanding credit card debt hit a record high of around $1.2 trillion in the fourth quarter of 2024. One handy use of those credit cards is, of course, accruing points and rewards.

Credit card balances are high among those looking for debt relief. Across the board, they range from just over $8,000 to nearly $10,000. Owning multiple cards is the norm.

8 Cities Where Debt and Credit Mirrors the U.S. Average. As of the third quarter (Q3) of 2024, the average FICO® Score in the U.S. was 715—tying last year's record high. Credit card utilization ...

Freedom Debt Relief reports 25% of Americans seeking debt relief have accounts in collections, averaging over $3,000, often linked to maxed-out credit cards.

Experian examined the eight U.S. cities most aligned with the national average in terms of credit score, credit card debt, and credit usage.