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?
A lot can be learned by looking at the first digits of a credit card. For example, MasterCards all begin with numbers between 51 and 55.
1. ^ The Washington Post
2. ^ TransUnion
3. ^ Equifax
4. ^ Michigan State Legislature
5. ^ Consumer Financial Protection Bureau
6. ^ United States Census Bureau
