Forest Lake, MN Credit Card & Personal Finance Statistics
Forest Lake Credit Card Debt
- Credit Card Debt in Forest Lake
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- The estimated average credit card debt for Forest Lake 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]
Forest Lake Credit Card Calculator
Forest Lake Credit Scores
- Credit Scores in Forest Lake
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- Residents of Forest Lake, 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 Forest Lake, 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%.
- Forest Lake 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 Forest Lake [4]
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- Forest Lake (Minnesota) Law: 6 years
- U.S. State Average: 5.4 years
Additional information about Minnesota
About Forest Lake
Forest Lake is a city located in Washington County in the state of Minnesota, and has a population of approximately 18,375. [6]
Forest Lake Credit Cards
For more information about Forest Lake 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.
1. ^ The Washington Post
2. ^ TransUnion
3. ^ Equifax
4. ^ Minnesota State Legislature
5. ^ Consumer Financial Protection Bureau
6. ^ United States Census Bureau
