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Comprehensive Local Credit Card Guide

Credit Cards in 55024 (Farmington, MN)

Credit Card Debt in 55024

^ Average credit card debt in 55024 is approximately $4,541, based on overall Minnesota data. [1]

Credit Card Delinquency in 55024

^ Based on overall Minnesota data, the credit card delinquency rate in Farmington is approximately 0.37%. [2]

Credit Scores in 55024

^ The average credit score in Farmington is approximately 720, based on collective Minnesota data. [3]

MN Credit Cards

Credit Card & Personal Finance Statistics in 55024

Credit Card Debt in 55024


  • 55024 Credit Card Debt
    • The estimated average credit card debt for 55024 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]

Credit Card Calculator for 55024


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55024 Credit Scores


  • Credit Scores in 55024
    • Residents of 55024 (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 55024 (Farmington, 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%.
  • Cardholders in 55024 who are more than 90 days late on payments
    • Minnesota Rate: 0.37%
    • National Average: 0.57%
  • Statute of limitations for credit card debt in 55024 [4]
    • 55024 (Minnesota) Law: 6 years
    • U.S. State Average: 5.4 years
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Additional information about Minnesota

About 55024

55024 is associated with the city of Farmington, which is located in Dakota County in the state of Minnesota. [6]

MN Credit Cards

55024 Credit Cards

For more information about 55024 credit cards, or for additional resources regarding credit cards overall, visit Consumer Financial Protection Bureau.

Did you know?

Alaska residents had the highest average credit card debt in the nation in 2013, at $6,910 per cardholder.

Other ZIP Codes in Minnesota


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Cities in MN

References

1. ^ The Washington Post

2. ^ TransUnion

3. ^ Equifax

4. ^ Minnesota State Legislature

5. ^ Consumer Financial Protection Bureau

6. ^ United States Census Bureau