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Average Consumer Debt Increases 5 Percent, Experian Reports
Wednesday, April 30, 2014 7:00 AM

In its latest Credit Trends study, Experian® has released an analysis of current debt levels and credit scores in the top 20 major U.S. metropolitan areas. The results of the study show that of the cities examined, Detroit, Mich., residents have the lowest average debt ($23,604) and that Dallas, Texas, residents have the highest average debt ($28,240).

Additionally, the study compared the current debt to the debt from four years ago and found that Detroit has decreased its average debt by 7.1 percent and the Dallas’ debt amounts have increased by 7.8 percent since 2010. 

Nationally, the average debt has increased by 5 percent compared to four years ago and the national average VantageScore® credit score remained consistent and has held steady at 665.

In the 20 cities analyzed, the lowest debt numbers following Detroit come from Los Angeles, Calif.; Miami, Fla.; New York, N.Y., and Boston Mass. The cities with the highest amounts of debt following Dallas include Houston, Texas; Washington, D.C.; Seattle, Wash., and Baltimore, Md.