This year’s holiday spending is expected to push the nation’s $1.17 trillion in household credit card debt even higher—and with rising debt, cardholders are increasingly at risk of falling behind on their payments.
A new analysis from Upgraded Points sheds light on credit card delinquency rates in the U.S., broken down by metro and state. Researchers ranked locations by the share of cardholders with severely delinquent debt as of Q4 2023, the latest data available.
Last year, 11.1% of cardholders in the Asheville metro had severely delinquent debt (90+ days overdue).
The average credit card debt in the Asheville metro was $5,469.
Additionally, 23.1% of Asheville metro cardholders utilized more than 75% of their total credit, which can hurt credit scores and make it more difficult to secure loans or favorable interest rates in the future.
Written by Upgraded Points.