Per Experian, the average credit card balance in Florida is $6,159.00 with the average balance in the city of Jacksonville at $6,919 and in Miami/Ft. Lauderdale, $6,921.00
Credit card delinquency rates, or late payments over 30 days past due, have risen 28% from Q1 2016 to Q1 2019; in the past year, that rate grew 4%. Late payments 90 days past due or more increased 34% from Q1 2016 to Q1 2019; in the past year, that rate grew by 5%.
Credit Card default rates rose for the fourth-consecutive month in March and now are at their highest level since July 2012, according the S&P/Experian Consumer Credit Default Index.
Considering filing for bankruptcy? Contact attorney Alex Hernandez
Representing clients in the areas of Chapter 7 Bankruptcy, Family Law/Divorce, and car and motorcycle accidents for 20 years.
(904) 712-5565 or (305)-688-LAWS (5297).
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