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Comprehensive Local Credit Card Guide

Kentucky Credit Cards

Credit Card Debt in KY

^ Kentucky residents have average credit card debt of $4,436, which ranks 45th in the nation. [1]

Credit Card Info in KY by City

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Credit Card Delinquency in KY

^ The credit card delinquency rate for Kentucky residents is 0.7%, which ranks 7th in the U.S. [2]

KY Credit Cards

Kentucky Credit Card & Personal Finance Statistics

Kentucky Credit Card Debt


  • Credit Card Debt: KY vs. U.S.
    • Kentucky residents have average credit card debt of $4,436. [1]
    • The average credit card debt amount in Kentucky is 11% less than the national average of $4,965.
    • KY ranks 45th in the nation in average credit card debt. [1]

Credit Card Delinquency in KY


  • Cardholders that are more than 90 days late on credit card payments in Kentucky [2]
    • Kentucky ranks 7th in the nation with a credit card delinquency rate that is 23% greater than the national average of 0.57%.
    • Kentucky Rate: 0.7%
    • National Average: 0.57%
  • Statute of limitations for credit card debt in Kentucky [4]
    • Kentucky: 15 years
    • U.S. Average: 5.4 years

Kentucky Credit Scores


  • Credit Scores: KY vs. U.S.
    • Kentucky residents have an average credit score of 688. [3]
    • The average credit score for Kentucky residents is 1% less than the national average score of 696.
    • KY ranks 38th in the nation in average credit score. [3]

Kentucky Demographics

Income Breakdown in Kentucky

The state of Kentucky has a median household income is $45,246. Approximately 19 percent of households in KY have incomes below the poverty level. [5]



Household Income: Kentucky vs. U.S.

The median household income in the state of Kentucky is approximately 22 percent less than the median income for the United States in its entirety.

For the nation as a whole, the median household income is $58,283, versus the Kentucky median household income of $45,246. [5]


Age Breakdown in Kentucky

In Kentucky, just under 75 percent of state residents meet the minimum age requirement to own a credit card in their own name without a co-signer. [5] [6]



Additional information about Kentucky

About Kentucky

The state of Kentucky has a population of approximately 4,339,367, ranking 25th in the nation. [5]

KY Credit Cards

More about Kentucky Credit Cards

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

Did you know?

Iowa residents had the lowest average credit card debt in the nation in 2013, at $3,885 per cardholder.

Kentucky Cities

Kentucky ZIP Codes


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References

1. ^ The Washington Post

2. ^ TransUnion

3. ^ Equifax

4. ^ Kentucky State Legislature

5. ^ United States Census Bureau

6. ^ U.S. Federal Reserve