Equifax, a credit-reporting company, said credit card debt as a percentage of income declined by double digits in the fourth quarter in almost 60 of the leading 100 U.S. metropolitan statistical areas. The largest reductions were in Florida, California, Louisiana and Washington. "It is interesting that MSAs from some of the states hardest hit by the recession showed some of the biggest reductions in credit card debt," said Trey Loughran of Equifax. "This suggests that consumers from these hardest hit areas have been especially cautious in their spending and diligent in paying down their credit card debt."

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