Farmington Hills, MI Credit Card & Personal Finance Statistics
Farmington Hills Credit Card Debt
- Credit Card Debt in Farmington Hills
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- The estimated average credit card debt for Farmington Hills 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]
Farmington Hills Credit Card Calculator
Farmington Hills Credit Scores
- Credit Scores in Farmington Hills
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- Residents of Farmington Hills, 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 Farmington Hills, 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%.
- Farmington Hills 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 Farmington Hills [4]
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- Farmington Hills (Michigan) Law: 6 years
- U.S. State Average: 5.4 years
Additional information about Michigan
About Farmington Hills
Farmington Hills is a city located in Oakland County in the state of Michigan, and has a population of approximately 79,740. [6]
Farmington Hills Credit Cards
For more information about Farmington Hills 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
