Giving Alabama Credit

     Alabama is the third worst state when it comes to the per capita credit card debt, better than only Tennessee and Alaska. So says the TransUnion credit reporting company. The info is reported in a story I found in a Tacoma, Washington newspaper.
     Although Alaska residents carried among the highest debt, they had the lowest delinquency rate in the country..0.67%.
     Alabama's delinquency rate is 1.39, a touch lower than Mississippi or Georgia, but higher than Tennessee Louisiana, Arkansas and Texas. The highest rate was in Florida with 1.75%
    

Alabama residents carry an incredible average of $6,332 in credit card debt.

     With credit card interest rates in the 13- 20% + range or higher, it's easy to see how hard it can be to climb out of debt!

[RELATED: CNN reports Alabama has a higher unemployment rate than most of our neighboring states, but a lower home foreclosure rate.]