New York State comes in at number four nationwide in credit card debt. State Comptroller Tom DiNapoli says New Yorkers as a whole raked up 58.2-billion dollars in credit card debt last year.
In addition, DiNapoli says 8.3 percent of all that debt was delinquent by 90 days or more, which is higher than the national average of 7.5 percent. Nevada had the highest in the country at almost 11 percent.
DiNapoli reminds New Yorkers bad credit can lead to “damaging consequences,” and suggests we all stay within our credit limit, pay bills on time, and check interest rates as ways of managing credit.