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Comprehensive Local Credit Card Guide

Credit Cards in 88240 (Hobbs, NM)

Credit Card Debt in 88240

^ Average credit card debt in 88240 is approximately $4,920, based on overall New Mexico data. [1]

Credit Card Delinquency in 88240

^ Based on overall New Mexico data, the credit card delinquency rate in Hobbs is approximately 0.55%. [2]

Credit Scores in 88240

^ The average credit score in Hobbs is approximately 683, based on collective New Mexico data. [3]

NM Credit Cards

Credit Card & Personal Finance Statistics in 88240

Credit Card Debt in 88240


  • 88240 Credit Card Debt
    • The estimated average credit card debt for 88240 residents is $4,920. [1]
    • Average credit card debt amount in New Mexico (all cities) is 1% less than the national average of $4,965.
    • Collectively, New Mexico cities rank 22nd in the U.S. in average credit card debt. [1]

Credit Card Calculator for 88240


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88240 Credit Scores


  • Credit Scores in 88240
    • Residents of 88240 (NM) have an estimated average credit score of 683. [3]
    • The average credit score in New Mexico (all cities) is 1.87% less than the national average score of 696.
    • New Mexico collectively ranks 42nd in the U.S. in average credit score of residents. [3]

More 88240 (Hobbs, NM) Credit Stats

  • Credit card delinquency rates in New Mexico [2]
    • New Mexico residents (all cities) rank 28th in the U.S. with a rate that is 4% less than the national average of 0.57%.
  • Cardholders in 88240 who are more than 90 days late on payments
    • New Mexico Rate: 0.55%
    • National Average: 0.57%
  • Statute of limitations for credit card debt in 88240 [4]
    • 88240 (New Mexico) Law: 4 years
    • U.S. State Average: 5.4 years

Credit Card Complaints in or near 88240 (Hobbs, NM)

Recent credit card complaints originating from consumers in 88240, NM. 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 88240

Complaint Issue Number of Complaints*
Incorrect information on your report 207
Improper use of your report 144
Problem with a company's investigation into an existing problem 76
Unable to get your credit report or credit score 44
Problem with a credit reporting company's investigation 34
Other 74
* Total 2021 - 2024 (current)

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Additional information about New Mexico

About 88240

88240 is associated with the city of Hobbs, which is located in Lea County in the state of New Mexico. [6]

NM Credit Cards

88240 Credit Cards

For more information about 88240 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 New Mexico


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Cities in NM

References

1. ^ The Washington Post

2. ^ TransUnion

3. ^ Equifax

4. ^ New Mexico State Legislature

5. ^ Consumer financial complaints in 88240

6. ^ United States Census Bureau

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