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This state is the most burdened by credit-card debt

December 11, 2018

Where you live in the United States makes a difference when it comes to paying off credit card debt.

It takes the average New Mexico household nearly twice as long to pay off their credit-card debt as it does households in Massachusetts, according to a new report from CreditCards.com. New Mexico had the highest credit-card burden of all 50 states, while Massachusetts had the lowest.

The disparity comes down to the relationship between debt and income, CreditCards.com industry analyst Ted Rossman said in the report.

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