Payments News

Reports

The Maxed-Out Credit Card Capital Of The U.S. Is…

“Nearly 1 in 3 cardholders in Bridgeport, Conn. have a maxed-out credit card. That’s the highest percentage among the nation’s 100 largest metropolitan areas, according to a new report from CompareCards.com, but plenty of other big American city residents are not far behind. CompareCards analyzed an anonymized sample of credit reports from 1.3 million My LendingTree users with active credit cards to see in which cities card-holding consumers had the most maxed-out credit cards – meaning their balance is greater than or equal to their credit limit.”