Debt Relief
The Debt Relief Center asks a few simple question so that we may understand your current situation

No suitable video player available.
Your Free Debt Savings Estimate
  • It's fast and convenient
  • It's your right to get relief
  • Your savings may surprise you
  • It's free, no commitment
See Savings
Your debt relief savings estimate is free with no obligation.

Atlanta Carries Fewest Credit Cards, Highest Debt

Share this on:

Atlanta residents cut down on how many cards they carry in 2010 Citizens living in Atlanta, Georgia, do not hold as many revolving accounts as they did in the past, suggesting that their debt may not be as high. But a new report shows that the opposite is actually true, with residents carrying higher credit card balances than the rest of the nation.

A new Experian report shows that Atlantans have reduced the number of credit cards they carry from 4.16 in 2007 to 3.06 currently. Despite the decline, their debt is higher than the national average, with most citizens carrying a balance of $6,753. The report indicates that although Atlantans are carrying fewer cards, they may be utilizing more credit, which can negatively impact their credit score.

"The number of cards have dropped, but that has a tendency to make the utilization go up a little bit. If you close one card, you might use another one a little bit more," Experian analytics senior director Michele Raneri said.

More Americans have been forced to rely on credit as unemployment rates remain high and some continue to incur debt. Those who find themselves owing a higher balance than they can feasibly pay should consider seeking debt relief through credit counseling.

Timely articles written by the Editors at DRC

New government regulations in place for consumers in need of debt relief for credit cards and other unsecured debts.

A fast and easy way to get your debt relief evaluation and savings estimate.

Debt Amount
Slide handle to set approximate debt amount.
Less debt
More debt