In the wake of statistics showing America’s credit card debt surpassing $1 trillion in 2022, Illinois cardholders show a promising trend. Despite nearly 40% of Illinois residents admitting to carrying a balance and paying credit card interest, they rank 8th best nationwide at avoiding such practices. Roughly one-third of cardholders admit to only paying the minimum due, and 14% for cash advances. These behaviors are costly, but Illinois residents could benefit greatly from declining interest rates, suggesting a potential relief in the future for credit card debt. Read the full Data Study at UpgradedPoints.com.
