Traverse City, MI Credit Card & Personal Finance Statistics
Traverse City Credit Card Debt
- Credit Card Debt in Traverse City
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- The estimated average credit card debt for Traverse City residents is $4,558. [1]
- Average credit card debt amount in Michigan (all cities) is
8% less than the national average of $4,965.
- Collectively, Michigan cities rank 41st in the U.S. in average credit card debt. [1]
Traverse City Credit Card Calculator
Traverse City Credit Scores
- Credit Scores in Traverse City
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- Residents of Traverse City, MI have an estimated average credit score of 697. [3]
- The average credit score in Michigan (all cities) is
0.14% greater than the national average score of 696.
- Michigan collectively ranks 31st in the U.S. in average credit score of residents. [3]
More Traverse City, MI Credit Stats
- Credit card delinquency rates in Michigan [2]
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- Michigan residents (all cities) rank 27th in the U.S. with a rate that
is 4% less than the national average of 0.57%.
- Traverse City cardholders that are more than 90 days late on payments
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- Michigan Rate: 0.55%
- National Average: 0.57%
- Statute of limitations for credit card debt in Traverse City [4]
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- Traverse City (Michigan) Law: 6 years
- U.S. State Average: 5.4 years
Additional information about Michigan
About Traverse City
Traverse City is a city located in Grand Traverse County in the state of Michigan, and has a population of approximately 14,674. [6]
Traverse City Credit Cards
For more information about Traverse City 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. ^ Michigan State Legislature
5. ^ Consumer Financial Protection Bureau
6. ^ United States Census Bureau
