Alaskans carry the highest median credit card balance, and also take the longest to pay it off.
Residents of The Last Frontier owe the highest median balances in the entire country, and also take the longest to pay it off, according to a new WalletHub report on the States with the Highest and Lowest Credit-Card Debts. The personal finance site’s analysts tapped data from TransUnion, the Federal Reserve, the U.S.
Alaska also topped the list of states with the least sustainable credit-card debt, meaning it would have the longest payoff timeline — clocking in at 19 months and 11 days, with $575 in interest, to bring that balance back to zero. The other states with the lengthiest payoff times included D.C.
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