Allen in Top 1% of Cities with Least Credit Card Debt
You can find the full study here:
The site’s researchers drew upon data from TransUnion, the Federal Reserve, the U.S. Census Bureau and WalletHub’s proprietary credit card payoff calculator to determine the cost and time required to repay the median credit card balance in more than 2,500 U.S. cities.
Credit Card Debt in Allen (99th Percentile = Least Sustainable)
· 94th Percentile - Median Credit-Card Balance ($3,780)
· 9th Percentile - Median Income ($66,258)
· 1st Percentile - Cost of Interest Until Payoff ($95)
· 1st Percentile - Expected Payoff Timeframe (3 months and 16 days)