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Comprehensive Local Credit Card Guide

Credit Cards in 56531 (Elbow Lake, MN)

Credit Card Debt in 56531

^ Average credit card debt in 56531 is approximately $4,541, based on overall Minnesota data. [1]

Credit Card Delinquency in 56531

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

Credit Scores in 56531

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

MN Credit Cards

Credit Card & Personal Finance Statistics in 56531

Credit Card Debt in 56531


  • 56531 Credit Card Debt
    • The estimated average credit card debt for 56531 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 56531


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56531 Credit Scores


  • Credit Scores in 56531
    • Residents of 56531 (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 56531 (Elbow Lake, 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 56531 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 56531 [4]
    • 56531 (Minnesota) Law: 6 years
    • U.S. State Average: 5.4 years

Credit Card Complaints in or near 56531 (Elbow Lake, MN)

Recent credit card complaints originating from consumers in 56531, MN. Local consumers submitted these credit card complaints to the Consumer Financial Protection Bureau (CFPB). The date of the complaint, type of complaint and status of the inquiry are listed below.[5]


Consumer Complaints by Issue in 56531

Complaint Issue Number of Complaints*
Communication tactics 1
* Total 2021 - 2024 (current)

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Additional information about Minnesota

About 56531

56531 is associated with the city of Elbow Lake, which is located in Grant County in the state of Minnesota. [6]

MN Credit Cards

56531 Credit Cards

For more information about 56531 credit cards, or for additional resources regarding credit cards overall, visit Consumer Financial Protection Bureau.

Did you know?

Paying with plastic? American Express was the first company with an actual plastic credit card - the first being introduced in 1958.

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 complaints in 56531

6. ^ United States Census Bureau