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Comprehensive Local Credit Card Guide

Detroit Credit Cards

Credit Card Debt in Detroit

^ Average credit card debt in Detroit is approximately $4,558, based on overall Michigan data. [1]

Credit Card Delinquency in Detroit

^ Based on overall MI data, the credit card delinquency rate in Detroit is approximately 0.55%. [2]

Credit Scores in Detroit

^ The average credit score in Detroit is approximately 697, based on collective Michigan data. [3]

MI Credit Cards

Detroit, MI Credit Card & Personal Finance Statistics

Detroit Credit Card Debt


  • Credit Card Debt in Detroit
    • The estimated average credit card debt for Detroit residents is $4,558. [1]
    • Average credit card debt amount in Michigan (all cities) is 8% less than the national average of $4,965.
    • Collectively, Michigan cities rank 41st in the U.S. in average credit card debt. [1]

Detroit Credit Card Calculator


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Detroit Credit Scores


  • Credit Scores in Detroit
    • Residents of Detroit, MI have an estimated average credit score of 697. [3]
    • The average credit score in Michigan (all cities) is 0.14% greater than the national average score of 696.
    • Michigan collectively ranks 31st in the U.S. in average credit score of residents. [3]

More Detroit, MI Credit Stats

  • Credit card delinquency rates in Michigan [2]
    • Michigan residents (all cities) rank 27th in the U.S. with a rate that is 4% less than the national average of 0.57%.
  • Detroit cardholders that are more than 90 days late on payments
    • Michigan Rate: 0.55%
    • National Average: 0.57%
  • Statute of limitations for credit card debt in Detroit [4]
    • Detroit (Michigan) Law: 6 years
    • U.S. State Average: 5.4 years
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Additional information about Michigan

About Detroit

Detroit is a city located in Wayne County in the state of Michigan, and has a population of approximately 713,777. [6]

MI Credit Cards

Detroit Credit Cards

For more information about Detroit credit cards, or for additional resources regarding credit cards overall, visit Consumer Financial Protection Bureau.

Did you know?

The credit card hologram was first introduced by MasterCard in 1983 in an effort to combat counterfeit and fraudulent activity.

Additional Cities in MI

ZIP Codes in Michigan


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References

1. ^ The Washington Post

2. ^ TransUnion

3. ^ Equifax

4. ^ Michigan State Legislature

5. ^ Consumer Financial Protection Bureau

6. ^ United States Census Bureau