California Makes The List Of Top Ten

Credit card debt is unfortunately common. In our age of keeping up with the Joneses (or Kardashians), there is a high value on material possessions encouraging many Americans to live beyond their means. The average amount of credit card debt in the United States is $5,853, but as is always the case with averages, there are some states that are much higher. Here is a list of the top 10 states with the most credit card debt, along with the time it would take to pay off that debt if one just made the minimum payments.

1. Alaska: Amount of debt- $8,108. Time to pay off- 10.9 years.
2. Hawaii: Amount of debt- $7,915. Time to pay off- 10.8 years.
3. New Jersey: Amount of debt- $7,853. Time to pay off- 10.8 years.
4. Maryland: Amount of debt- $7,261. Time to pay off- 10.5 years.
5. Connecticut: Amount of debt- $7,237. Time to pay off- 10.5 years.
6. New Hampshire: Amount of debt- $7,041. Time to pay off- 10.4 years.
7. California: Amount of debt- $7,028. Time to pay off- 10.4 years.
8. Virginia: Amount of debt- $7,016. Time to pay off- 10.3 years.
9. Massachusetts: Amount of debt- $6,826.31. Time to pay off- 10.3 years.
10. New York: Amount of debt- $6,733. Time to pay off- 10.3 years.

If you are living with too much debt, we can help. We offer refinancing and consolidating services to help you minimize your monthly dues while still being aggressive about paying off your debt. If your mortgage is making it impossible for you to manage your outstanding credit card debt, contact the Ranch & Coast Mortgage Group Inc. Conveniently located in Solana Beach, our expert staff is here to walk alongside you during the refinancing process.