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Credit card debt affecting homeownership on Atlantic coast

Credit utilization can impact credit score, leading to a better interest rate
  • Alaska has the highest credit card debt per capita in the United States.
  • New York and Maryland are included on Credio's top ten list.
  • Credit card debt in New York peaked the same year new foreclosure legislation was enacted.

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Although sparsely populated compared to the rest of the nation, Alaska was recently rated as the state with the highest credit card debt per capita by personal finance website Credio. However, two more densely populated states also made the list: Maryland and New York. Credit is one of those paradoxical magnets where the only way to get more of it (higher credit score) is to actively pursue maintaining less of something else (debt). Similar to golf, where the goal of practicing is to ultimately play the least amount possible, credit scores increase by continuing to accrue debt at a manageable and relative pace. Credio ranked the top ten states according to credit debt per capita, including the percentage of credit cards that were 90 days or more delinquent on payments. Credit card debt state rankings Maryland earned the no. 6 spot on the list with a per capita credit card debt of $3,430. But the state's delinquency rate is only 6. 75 percent, significantly lower than the 20...