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Comprehensive Local Credit Card Guide

Memphis Credit Cards

Credit Card Debt in Memphis

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

Credit Card Delinquency in Memphis

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

Credit Scores in Memphis

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

MI Credit Cards

Memphis, MI Credit Card & Personal Finance Statistics

Memphis Credit Card Debt


  • Credit Card Debt in Memphis
    • The estimated average credit card debt for Memphis 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]

Memphis Credit Card Calculator


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Memphis Credit Scores


  • Credit Scores in Memphis
    • Residents of Memphis, 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 Memphis, 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%.
  • Memphis 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 Memphis [4]
    • Memphis (Michigan) Law: 6 years
    • U.S. State Average: 5.4 years
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Additional information about Michigan

About Memphis

Memphis is a city located in Macomb County in the state of Michigan, and has a population of approximately 1,183. [6]

MI Credit Cards

Memphis Credit Cards

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

Did you know?

Alaska residents had the highest average credit card debt in the nation in 2013, at $6,910 per cardholder.

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