The most debt-free states in America

Low credit card balances mean low debt, which means a rosier financial picture. Here are the states with the least amount of card debt.

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VIDEO ON MSN MONEY

138Comments
Apr 2, 2014 11:14PM
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Am I wrong or does every one of the states with residents the lowest debt have a republican governor?  LOL
Apr 3, 2014 8:19AM
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Credit card "debt" is a meaningless number.  I have one credit card, place virtually ALL of my expenses (from dental expenses to food) and pay if off every month.  I use it to track and manage my expenses.  It is not unusual for me to have $4,000 + on my card in any month billing, but zero balance by the time the payment is due. 
Apr 9, 2014 5:21PM
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I think a more relevant number would be debt to income ratio.

If you make $15,000 a year, and have $3500 on a credit card, that's a bit different than someone who makes $100,000 and has $3500 on their card.
And before any of it means anything, it's gotta be compared to the cost of living in the area.

Just useless crap.

Apr 3, 2014 10:36AM
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....the liberals must be SO embarrassed by this article............


Simply proves that conservative, GOP folks pay their bills and live within their means without horrific debt.


GOP = live within your means.


Dumbocrat = live on social wefare, foodstamps, WIC,  and rack up outrageous credit card debt, etc. If it's a free handout - we'll sell our vote for it!!

Apr 6, 2014 11:31AM
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I don't think this data is very meaningful.  A better piece of information would be credit card debt that is older than 30 days.  I often have a balance over $3500 until the payment date when it drops to $0 simply because we put almost everything except the house mortgage on it and then pay it off each and every month.  My 2 daughters do the same thing.  It actually helps keep track of your monthly expenses, we don't pay any interest, and we get a fair amount of point and/or cash back.
Also, I wish the people who make everything about politics would simply stop. Contrary to what they may think, not everything in life is about politics.  I live in a state (NV), with high personal debt, a Republican governor, a Democrat legislature, and yet no one would call the state liberal.  Different yes, liberal no.

Apr 3, 2014 11:04AM
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Democrat liberal leftist baby communist policies create ghettos
See Detroit for reference
Apr 3, 2014 10:35AM
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This may be obscure - but - how does the sponsor Advertisement Credit.com know or how do they know what states owe what money?  Do all the other competitor credit card companies report to them on how much you owe. Just through logic.... this article has the ear marks of being a bunch of made up BS. 
Apr 6, 2014 4:33PM
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I wish you had printed HOW MUCH the interest on that John Deere tractor was.  Probably more than your house.
Apr 7, 2014 3:13AM
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Michigan has been doing much better since the Repubs took over, it was a welcome change.  Detroit is exactly what happens when zombies vote strictly based on party instead of the actual candidate.  Hey Rick Schneider, keep the bulldozers going and chase those rats outta there!  Bulldozer = Detroit sized rat trap.  The city has plenty of potential with so much vacant land, but the thieving rats need to wise up or get the hell out for anything to happen.
Apr 9, 2014 5:11PM
Apr 9, 2014 5:53PM
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Note where the people are better off is in the states where there is not many illegal's wonder why that is. Because the illegal's sponge off of the system so bad that the rest of those in the state have to pay for their miss use of the social systems and their taking of the life blood of AMERICAN citizens. God bless the nation and Idaho.
Apr 9, 2014 6:15PM
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Most of these states (Not Michigan or Mississippi) are NOT full of trash welfare thugs and illegal aliens.  They still have America's core values and haven't learned to live off of credit.  Murders and theft are not prevalent so home values, insurance, and the standard cost of living are low which in turn makes the wages low.  You idiots saying they make less - well they spend less so it evens out.

obama sucking at record pace in 2014

Apr 9, 2014 6:14PM
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 There are more than one or two that offer a lot to the state's residents!  Montana and Utah.  They  also have a lot of farmers and ranchers! What's more, the median income per family is in the highest, along with a fairly low cost of living.  I am proud to live in a state like Utah that does so much with their "dollar" in providing a great education for all!  They offer us a lot of other things that "blue" states don't give.   Like freedom!  They, along with Montana respect the citizens rights and respect the Constitution!

Red states!  

Apr 9, 2014 7:00PM
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It seems that the majority of these states are in the Rocky Mountains / Great Plains area other than Mississippi. People in these areas do have different economics than those in the cities, and they have a different approach to their finances. Even though I have always lived in an urban setting, my spending has always been limited to only purchasing those things I can pay for immediately. This was the upbringing I had. I do use credit cards, but they are more for keeping records of expenses. Each card is paid in full the same day the bill arrives. A car is purchased only when I have saved enough to buy the next one as I make payments to myself instead of the bank. My mortgage was paid off in fifteen years instead of thirty simply by rounding the payment to the nearest hundred dollar amount so each month the principal would come down. I have never had a home equity loan or a personal loan. It is just conditioning that allows for a debt free lifestyle. Keep in mind there always has been enough money leftover for at least two trips overseas and three domestic trips.


Apr 9, 2014 9:04PM
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Nine conservative states and one state in training to go from being liberal to conservative...after decades of spend now and worry about paying it later government that has destroyed their state and major metropolitan cities!

No surprise. Conservatives manage their money better.

Apr 9, 2014 11:47PM
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Surprised about California not being on this list??  They tax the middle class so high there to feed all the illegals that a lot of people have to borrow from their card.  California is Mexico's welfare clinic.
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Michigan is there because the people from this rusted state do not get credit .
Apr 9, 2014 7:38PM
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Most of these states also receive the highest farm subsidies per capita!


Government supported especially Wisconsin and by per capita Iowa, South Dakota etc etc.


Republicans milking the US Government like Boehners TANKS and Alabama C-17s all going into storage.


Apr 9, 2014 6:25PM
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I believe this article had already run it's course , but apparently it's a slow day at MSNBC . So what does it all mean ???
Apr 9, 2014 9:46PM
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I have friends that are frugal.  Their children and grandchildren get very little help from them.  They think I'm foolish and give to much to my children.  In there words " our kids have to manage their money and save for things they want".  Some of these people are ashamed to find out that  their grown children are wishing they were dead so they could inherit their money.  I have heard their kids talk this way using different words, but the meaning was the same.  I have told my kids that I will give all I can to help with their education and generally just things our young need starting out in life.  When I,  die I intend to be broke, so no one will profit from my death. 

 

My frugal friend are mostly republican.

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