Average Total Debt Decrease by Region

Average Total DebtDecrease by Region

Here at Credit Karma, we love analyzing data! This week,we decided to look at how each region of the United States

decreased their debt over the past year.

Not surprisingly, our data shows that the majority of Credit Karma members decreased their debt most significantly by paying off their mortgages. The numbers also show the merit of steady payoff—allocating one or two hundred dollars each month to debt payoff turns into thousands of dollars over just one year. Track your net cash flow and spending habits for free at www.CreditKarma.com.

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Calculations are based on 15,701 Credit Karma members who had a totaldebt decrease between June 2012 and May 2013.

$22,758over one year

Northeast

over one year$19,777Southeast

over one year$19,844Southwest

over one year$29,780West

$18,967Midwest

over one year

$0 $15,000 $25,000$10,000$5,000 $20,000 $30,000

Total Debt Decrease

Debt Decrease By Category

NortheastSoutheast

MidwestSouthwest

West

$14,134$11,861

$11,576$12,031

$21,045Mortgage Debt

NortheastSoutheast

MidwestSouthwest

West

$2,103$2,486

$2,068$3,207

$2,266Auto Loan Debt

NortheastSoutheast

MidwestSouthwest

West

$1,348$1,232

$1,166$1,307

$1,702Credit Card Debt

NortheastSoutheast

MidwestSouthwest

West

$1,309$914

$1,417$1,010

$913Student Loan Debt