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Cottonwood Credit Cards

Credit Card Debt in Cottonwood

^ Average credit card debt in Cottonwood is approximately $4,541, based on overall Minnesota data. [1]

Credit Card Delinquency in Cottonwood

^ Based on overall MN data, the credit card delinquency rate in Cottonwood is approximately 0.37%. [2]

Credit Scores in Cottonwood

^ The average credit score in Cottonwood is approximately 720, based on collective Minnesota data. [3]

MN Credit Cards

Cottonwood, MN Credit Card & Personal Finance Statistics

Cottonwood Credit Card Debt


  • Credit Card Debt in Cottonwood
    • The estimated average credit card debt for Cottonwood residents is $4,541. [1]
    • Average credit card debt amount in Minnesota (all cities) is 9% less than the national average of $4,965.
    • Collectively, Minnesota cities rank 43rd in the U.S. in average credit card debt. [1]

Cottonwood Credit Card Calculator


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Cottonwood Credit Scores


  • Credit Scores in Cottonwood
    • Residents of Cottonwood, MN have an estimated average credit score of 720. [3]
    • The average credit score in Minnesota (all cities) is 3.45% greater than the national average score of 696.
    • Minnesota collectively ranks 3rd in the U.S. in average credit score of residents. [3]

More Cottonwood, MN Credit Stats

  • Credit card delinquency rates in Minnesota [2]
    • Minnesota residents (all cities) rank 48th in the U.S. with a rate that is 35% less than the national average of 0.57%.
  • Cottonwood cardholders that are more than 90 days late on payments
    • Minnesota Rate: 0.37%
    • National Average: 0.57%
  • Statute of limitations for credit card debt in Cottonwood [4]
    • Cottonwood (Minnesota) Law: 6 years
    • U.S. State Average: 5.4 years
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Additional information about Minnesota

About Cottonwood

Cottonwood is a city located in Lyon County in the state of Minnesota, and has a population of approximately 1,212. [6]

MN Credit Cards

Cottonwood Credit Cards

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

Did you know?

The credit card hologram was first introduced by MasterCard in 1983 in an effort to combat counterfeit and fraudulent activity.

Additional Cities in MN

ZIP Codes in Minnesota


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References

1. ^ The Washington Post

2. ^ TransUnion

3. ^ Equifax

4. ^ Minnesota State Legislature

5. ^ Consumer Financial Protection Bureau

6. ^ United States Census Bureau