10 states maxed out on credit cards

Using too much of your credit can sink your scores, even if you pay your bills regularly. Here are the states bumping up against their limits.

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VIDEO ON MSN MONEY

367Comments
Jul 19, 2013 7:59AM
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Hmmm- Typical MSNBC twist/hit job They cannot show the states with the low credit ratings as they are all blue. Or states where unemployement is highest. Or states with the biggest debt or states with the highest taxes or .....

 

Just like you and your CC. If you pay the bills, you are fine. What are the moody's ratings for Illinois and California. How about Detroit where they just went bankrupt? Do you see a pattern?

Jul 19, 2013 5:13AM
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Just use a credit card to pay all monthly expenses and pay the flippin bill when it arrives...simple right!
Jul 19, 2013 7:49AM
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MSN - - -  YOU ARE REALLY MISSING THE JOURNALISTIC BOAT!!!!

WHILE WASH D.C. IS NOT TECHNICALLY A STATE, IT IS THE HEAD HONCHO, AND IS FOLLOWING THE DETROIT SCENARIO!!!!

POWER TO THE PEOPLE - - -  OH WAIT - - -  ALL THE PEOPLE GET IS DEBT, LIES, AND NOW PERSECUTION BY THE IRS, ATTORNEY GENERAL, NSA, FBI, AND CRONYISM BY OUR TRUSTED GOVERNMENT EMPLOYEES AND ELECTED THUGS!!!!

Jul 16, 2013 7:37PM
Jul 17, 2013 11:01AM
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Guess the idea of reducing spending and living within one's means only resonates in the educated states. 
Jul 19, 2013 8:17AM
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I get a kick out how the data is collected for these surveys and the comments about red states. All you have to do is google Connecticut, one of the bluest of states, and check out how poorly our fiscal house is doing. We have the highest fuel taxes in the country, some of the highest energy costs, lowest ranking for job creation, a mass exodus of businesses and people leaving the state and all this under the watchful eye of Gov. Dan Malloy. We are the laughing stock of the country to the point that Gov's. from other states make regular pledges to our remaining business inviting them to leave...and that's nothing but straight up facts, sorry if all you blue backs have a hard time grasping reality!
Jul 19, 2013 10:47AM
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I don't'get the credit card thing... people always say.. pay it all off at the end of the month.... well. if you have the cash... why not just buy it at the end of the month??? Build credit debt for what purpose?? it makes no sense especially if you already have a house and some cars... seems like a racket to me... I jumped off that nonsensical wagon back in 2000.... cold cash talks.. BS walks every time... most folks seem to want my cash.. especially car dealerships...and they usually take thousands of dollars off the asking price... oh and I save for a car over a 48 month period.... I just pretend I have a car payment and put it in savings... if you're financing... you HAVE to make that payment...so don't tell me it can't be done..  anyway.. I like owning my stuff when I purchase it.... This savings thing is a blast... no stress no payments.. nobody calling ... damn... at times I feel rich.. lol.. I"m not.. but the feeling is there... lol
Jul 17, 2013 10:30AM
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Oh yeah those people and their 20% credit utilization.  They're so horrible with money! 

 

You guys make me laugh.  I would suspect other states have lower credit debt because they have poor credit and can't get that kind of credit limit.

 

 

 

Jul 16, 2013 10:52PM
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.....most of the states have very large black population..............

 

Mississippi, Georgia, Louisiana, South Carolina, Arkansas are just a few. 26 inch chrome wheels installed on their 1986 Buicks cost alot of money!!

Jul 17, 2013 7:48AM
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Yep red states where the economies are doing well and residents feel better about spending.
Jul 19, 2013 8:46AM
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When I read the comments from others, I sometimes wonder what article they read. This article doesn't refer to States Government credit standings,,,,it refers to the residents and their credit LIMITS. Too often the people who post are eager to point fingers at one group or another instead of understanding what they are responding to in the article they supposedly read.

This country is going thru one of the most polorizing eras in our history and derogatory comments like those posted here don't help. 

Perhaps some of you need to review or LEARN your history as well.

Jul 17, 2013 10:37AM
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And, California missed the cut. Oh wait, we have a surplus this month. JK
Jul 19, 2013 3:15AM
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Honestly I am shocked this is what they consider high utilization? The numbers must be fake given the % listed all of these states would be considered in great shape for their credit usage. Here I opened the story expecting to see insane numbers instead I find normal levels.
Jul 19, 2013 9:28AM
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Many of these states have the most poverty stricken people as well as very low wages.  I know that for fact as I live in one of them!  Yes, some people cannot survive a month on the wages they make, and therefore use credit to balance out their needs.  Then there are those who do not live within their means, and waste $$$ on needless items putting themselves in debt.  Still overall, it amazes me that the southern states are the worst off, yet the leaders of these states claim they don't need or want to be a part of the U.S.A.  They want to secede and make it on their own!!  And that's another pipe dream........
Jul 19, 2013 6:32AM
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Do these states pay their bills or do the people simply run up debt and the costs associated with them.  Using credit can be a good thing if you pay off the bills when due. (which the report says nothing about.   The report says nothing.  The people in those states are either the smartest people (if they pay off the bills, Or the dumbest if they do not pay off the bills) but the report doesn't say. 
Jul 19, 2013 4:00AM
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These numbers would be way off during the periods that a state had a natural disaster. Right after Sandy or recently the 2 major tornados in Oklahoma within a week would have shown a spike in credit card debt. Instead of using just the most recent quarter they should have done it over a year or over a 5 year period would have been a better sampling. A small time period is not a good piece of data sampling with something that may have bigger fluctuations over a larger time duration. Since the 1 quarter of 2013 was a relatively good year for the growth and the stock market it could move the numbers quite a bit. Do the same evaluation in a quarter the economy was at it's worst and right after a natural disaster when people use their credit to get back on their feet and I bet the results would be really different.
Jul 16, 2013 11:01PM
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Geees, all but one state is a red state. I guess republicans in those states don't make enough money to buy anything with cash. My be they should cut the minimum wage, to solve the problem keep on reelecting your senators and congressman.  
Jul 19, 2013 3:30AM
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It appears the red states are the credit worthy. Blue states. Not so much.
Jul 19, 2013 10:19AM
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So most of the states on here are southern states who also rank in the top 10 for poverty, obesity, and umemployment. It should be no wonder that places like Georgia, Mississippi, and Alabama are on here. When they run out of their government benefits they have to turn to credit cards.
Jul 16, 2013 11:42PM
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Whoppee.  Look at the average balances.  Nothing to fret over or nothing that can' be managed and paid off.  All in the 3-4 thousand dollar range. 

 

ABC...is correct.  Most of these states have a large black population.  Enough said.

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