Drop in Credit Card Debt Reveals Ongoing Hardship

woman worried over credit card debt
woman worried over credit card debt

We recently told you about a handful of cities across the country where credit card debt has continued to rise, despite the recession. Articles like this one also highlight the cities where revolving debt is highest, sometimes accounting for as much as 17% of the average income in an area.

Interested in the other side of the story -- are there any places where credit card debt has fallen? -- WalletPop contacted the credit bureaus Experian and Equifax and asked them to share any information they had on U.S. cities where credit card debt had decreased the most last year.

We also asked a credit expert to weigh in on what the data means about our economic status as a nation -- and the news ain't good.