Grand Rapids, MI Credit Card & Personal Finance Statistics
Grand Rapids Credit Card Debt
- Credit Card Debt in Grand Rapids
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- The estimated average credit card debt for Grand Rapids 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]
Grand Rapids Credit Card Calculator
Grand Rapids Credit Scores
- Credit Scores in Grand Rapids
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- Residents of Grand Rapids, 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 Grand Rapids, MI Credit Stats
- Credit card delinquency rates in Michigan [2]
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- Michigan residents (all cities) rank 27th in the U.S. with a rate that
is 4% less than the national average of 0.57%.
- Grand Rapids cardholders that are more than 90 days late on payments
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- Michigan Rate: 0.55%
- National Average: 0.57%
- Statute of limitations for credit card debt in Grand Rapids [4]
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- Grand Rapids (Michigan) Law: 6 years
- U.S. State Average: 5.4 years
Additional information about Michigan
About Grand Rapids
Grand Rapids is a city located in Kent County in the state of Michigan, and has a population of approximately 188,040. [6]
Grand Rapids Credit Cards
For more information about Grand Rapids credit cards, or for additional resources regarding credit cards overall, visit Consumer Financial Protection Bureau.
Did you know?
Paying with plastic? American Express was the first company with an actual plastic credit card - the first being introduced in 1958.
1. ^ The Washington Post
2. ^ TransUnion
3. ^ Equifax
4. ^ Michigan State Legislature
5. ^ Consumer Financial Protection Bureau
6. ^ United States Census Bureau
